A person who is going through a bad credit situation most likely does not have appropriate knowledge about filing Bankruptcy. If you too want a professional source of information and Bankruptcy news, our Attorneys will be happy to help you. If you have doubts about how to file bankruptcy to stop or prevent foreclosure of your property, Bankruptcy Intro is here to get all those doubts cleared up. Our team of fully licensed Attorneys help you find a way out of the current situation and manage the crippling circumstances with integrity. When you decide to file for bankruptcy we will connect you with one or more bankruptcy lawyer in your area to make sure you do not have any doubts in your mind.
Some of the common questions asked are what bankruptcy law is and how the services of a bankruptcy lawyer will affect your future. Many people want to know if they will stop receiving calls from their lenders and for how long will the bankruptcy continue to impact their lives and credit situation. Some people do not know the difference between a chapter 7 bankruptcy and a chapter 13 bankruptcy or even between secured and unsecured debt. You can get all the bankruptcy information here at Bankruptcy Intro. All the information and latest bankruptcy law regarding debts, mortgages and foreclosures can be obtained on our website and through our Attorneys who have the professional responsibility of making sure that you never take a wrong step. We provide you with the best available bankruptcy news and information and knowledge regarding bankruptcy. Be clear in your mind before you make any decision. Fill in a free no obligation evaluation and we will provide licenced Attorneys from our panel to answer all your questions.
Q. What is Bankruptcy?
A. In a nutshell bankruptcy is a procedure made available by US law that allows people that can prove that they are unable to pay their debts, to either discharge most or all of their debts or be given an opportunity to reorganize part or all of their debts to be paid off over time on a more affordable plan.
Q. Who can file for Bankruptcy?
A. There are many factors that contribute to eligibility to file for Bankruptcy. Have you filed Bankruptcy before and if so when and under what Chapter? Can you pass a means test? These are all questions you should ask one of the licensed Bankruptcy Attorneys we provide to you.
Q. How long will the Bankruptcy take?
A. Usually in a Chapter 7 bankruptcy you will get your discharge about 2 months or so after the 341 meeting. In a Chapter 13 bankruptcy your discharge is given after you complete the reorganization payment plan. A bankruptcy attorney will go over your specific timelines in detail.
Q. Can I get rid of all my debts?
A. It all depends on what type of debts you have, secured or unsecured. Secured debts are generally your house, your car or anything secured with collateral. Also unpaid taxes and student loans cannot be discharged. Unsecured debt would include credit cards. A Chapter 7 Bankruptcy would discharge unsecured debt.
Q. Will filing Bankruptcy stop foreclosure on my home?
A. Filing bankruptcy will put a stay on, or temporarily stop the foreclosure proceeding but saving your home is something you have to work out with the bankruptcy lawyer we will be happy to provide you.
Q. Will bankruptcy stop the collection calls?
A. Yes it will. Upon filing your case an automatic stay will occur and the creditors can no longer call you and will have to deal with your bankruptcy lawyer.
Q. How long will Bankruptcy affect my credit?
A. Although the Bankruptcy will remain on your credit for 10 years, you will start the process of reestablishing credit shortly after your discharge. You might be eligible to apply for a mortgage in as little as 2 years after discharge, depending on the lender.
Q. How much does it cost to file bankruptcy?
A. The Attorneys affiliated with this website are committed to a reasonable, affordable fee structure. The Attorney will be answering this question in the initial conversation you have with him or her, along with the amount of the filing fees that will go directly to the court. You can rest assured you will be paying a fair rate for professional legal service.
We provide you with the best available general information and knowledge regarding Bankruptcy. Be clear in your mind before you make any decision. Fill in a free no obligation evaluation and we will have one of our panel of Attorneys answer all your questions.
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