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FREQUENTLY ASKED QUESTIONS ABOUT
What is bankruptcy?
Bankruptcy is government
relief. Bankruptcy normally eliminates some or all debts of a
can file bankruptcy?
Almost any qualifying individual or
business may file for some form of bankruptcy protection.
How long does the bankruptcy
Chapter 7 bankruptcy normally takes 4
to 6 months to complete. Chapter 13
bankruptcy usually takes 3 to 5 years. Read
I lose everything that I own?
In most bankruptcy cases, debtors lose no
property or assets. Read
I keep my house?
yes if you continue to make your
mortgage payments. With certain types of bankruptcies, under
certain conditions, one may catch up on missed payments and/or reduce
loan amounts paid. Read
I keep my car?
Typically yes if you continue to make your car
loan payments. Read More
bankruptcy stop creditors’ telephone calls,
collection activities, and lawsuits?
wage garnishments and bank levies?
bankruptcy ruin my credit rating?
stays on your credit report for up to 10 years. But, immediately
after filing bankruptcy, you may take steps to rebuild credit and
improve your credit rating. Read
I give tithes, offerings, and gifts to my church
if I file
Can I qualify to file
bankruptcy under the new bankruptcy reform law?
cases, people who would have qualified to file bankruptcy under the old
pre-reform laws will also qualify under the new bankruptcy laws.
required to disclose all of my property and assets?
Yes. But, in most bankruptcy cases, debtors are allowed
to keep all property and assets listed. Read
I required to list all of my debts?
Yes. But you can voluntarily pay certain debts even though you list
them. But consult first with an attorney before doing so! Read
May I voluntarily pay any of my
debts after bankruptcy?
is a Meeting of Creditors?
of creditors occurs about 25 to 40 days after a
bankruptcy case is filed. Generally, the bankruptcy trustee
briefly questions the debtor at the
meeting. To receive a discharge of debts, a bankruptcy filer must
attend the meeting. Read
is a bankruptcy discharge?
A bankruptcy discharge is a
court order. This order usually grants complete forgiveness
and elimination of all or certain debts to bankruptcy filers. Read
Who is the bankruptcy trustee?
Does the Bible prohibit or
Will anybody know that I filed
people will not likely know that
you filed bankruptcy. Most likely, the only people who will know
that you filed bankruptcy will be your lawyer, your creditors, those
permitted access to your credit report, court clerks, and the
May one spouse file bankruptcy
and not the other spouse?
Yes. But depending on the circumstances, there may be potential
benefits and/or risks in doing so. Generally, married couples
file a joint bankruptcy petition together. Read
Home Debts - Do I have to include them in the bankruptcy?
Counseling and Debtor Education Requirements
Report - How to Obtain a Free Copy of Your Credit Report
- What are Exemptions?
Related to Credit Card Use
Association (HOA) Dues / Fees and Bankruptcy
Many People File Bankruptcy?
Claims and Lawsuits - The Importance of Listing Them
What is a Lien?
Test - What is the Means Test?
spouse only filing bankruptcy - Effect on community property
and Religious School Expenses
Debts and Bankruptcy
Car is Not in Debtor's Name
Where do you file bankruptcy?
a free and confidential consultation, contact Christian
bankruptcy lawyer, Matthew
the new bankruptcy laws, Mr. Tozer is a debt relief agency because he
people file for bankruptcy relief under the Bankruptcy Code.
to Christian Bankruptcy Attorney