Bankruptcy Information and FAQs
Home > BK Info
Bankruptcy information is crucial for those who feel that their debt is overwhelming them. For those considering personal bankruptcy, you're going to need complete and helpful bankruptcy information.
See also: "What type of debt do you have, and will BK eliminate it?"
Below are some FAQs for bankruptcy. However, before you get there, you'll want to review the "Should I File Bankruptcy" page, that addresses some of the feelings of guilt or other issues you'll be dealing with in this struggle.
Q - Will I be able to re-establish credit after
I file bankruptcy?
A - Yes, to the surprise of many. You'll find that the credit card applications start arriving within 6 months. BE CAREFUL and only take on what you can afford. You will have a fresh start with your debt. Don't blow it, because you cannot file BK again for another 6 years. For more, see our article: Credit after Bankruptcy.
Q - Can I keep my home in a bankruptcy?
A - Maybe. See the above link.
Q - That reminds me - I've filed bankruptcy before.
Can I file again?
A - Yes, it just depends when. Chapter 7 bankruptcy requires you wait 8 years between filings. There are fewer restrictions on Chapter 13.
Q - Do I have to pay taxes (1099c form, etc) on discharged debt?
A - Generally, no.
Q - Can you tell me how to file bankruptcy?
A - Hey now. That's my job!
Q - How do I stop my creditors
from harassing me at work or calling me at home?
A - Once you retain us as your bankruptcy attorney, refer your creditors to us. This will be the very first benefit you see from having a bankruptcy lawyer. Also, once you file bankruptcy, all attempts to collect on debts must stop.
Q - What if I'm about to have my car repossessed,
or want to stop a house foreclosure. In fact, I'm being
sued by some law firm by my creditor, or a lawsuit has already turned into a judgment and a wage garnishment. How to stop all of this?
A - Once you file your bankruptcy papers, all collection activities stop. Don't waste time. Contact a bankruptcy attorney who is also a Los Angeles bankruptcy lawyer right NOW.
Q - What does a "simple" bankruptcy cost?
A - All cases are different, but generally the attorney fee is about $1400 to $2500 (plus $299 for filing fee). Once we learn about your situation in detail, we'll put it in writing with a flat fee for all services in a typical case. It covers everything. No nickel and diming.
Q - How am I supposed to afford that? I'm filing bankruptcy, remember?
A - Yes, of course. Ask about our flexible payment plan. All our clients are struggling. Yet, we can make a living helping people who don't have money by being flexible with an affordable payment plan. We'll work as you pay, with payments as low as $250 a month. This is how we make it easy.
Q - How much is pi?
A - 3.1415
Q - How does the process work?
A - You submit a contact form, we contact you, we learn about your situation, we provide a flat fee and contract, you sign the contract and return it with your payment. After we're paid in full, we file your Bankruptcy Petition & Schedules at the bankruptcy court. (I'm funny that way, but I don't want people who are about to file bankruptcy to owe me money!)
Q - How do I contact the bankruptcy lawyer and start the process?
A - Glad you asked. Click on the contact link below.. right now!
WHAT TO DO NEXT
Now that you know the basics, contact a lawyer to get a consultation.