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Bankruptcy

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How much debt do I need to file for bankruptcy?

A There are no limitations on the amount of debt that you can have to file for bankruptcy. Individuals who have less than ten thousand dollars in debt I generally think are better served by finding alternatives to bankruptcy rather than filing for bankruptcy.

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How much does bankruptcy cost and can I make payments on my attorney fees?

This is the most common question that I get. Bankruptcy has some mandatory fees. There is a filing fee of $350. I generally charge a $25 credit report fee when I prepare your bankruptcy petition. My fees and rates are reasonable, and I charge them on a case by case basis. I will review your […]

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I’ve already filed for bankruptcy, can I file for bankruptcy again?

Yes, as long as your Chapter seven filing was more than eight years ago.

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If I file for bankruptcy do I have to make car payments?

If you want to keep your car, you have to make your car payment and keep your car payment current. Generally speaking, if you’re going to keep your car, you’re going to want to enter into a reaffirmation agreement with the creditor.

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If I file for bankruptcy do I have to make my house payment?

Yes, if you’re going to continue to live in your house, you need to continue to make sure your mortgage payment is paid and current.

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Is there medical bankruptcy?

The answer to this question is no. Generally speaking, there is not a special category of medical bankruptcy. It may very well be that all of your debts or medical bills and bankruptcy in Chapter seven is probably the most appropriate way to deal with that.

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Should I be concerned about the stigma of bankruptcy?

Some people are concerned about how others may think about them after they have filed for bankruptcy. One of the things that I have observed is that any stigma related to bankruptcy has generally lessened. Bankruptcy is a public record. People can find out about it. But the fact of the matter is, is that […]

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What happens to debts that are incurred after I file for bankruptcy?

After you file your bankruptcy petition and you incur additional debts, you are liable for those debts. Bankruptcy only gets rid of the debts that you had before you filed.

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What is a debtors education certificate and why do I need one?

Debtors Education is required by the Bankruptcy Reform and Consumer Protection Act of 2005 to get a discharge in bankruptcy, which is the goal of this process. You will need to take a one-hour financial management class and provide that certificate to the court to get your discharge.

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What is a reaffirmation agreement?

A reaffirmation agreement is a contract that you signed and filed with a bankruptcy court between you and a creditor that says that you are going to repay that debt.

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