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How do I file for Bankruptcy?
I lost my job in August, and havent been able to keep up with bills and my credit card debt is stacking up quickly. I think bankruptcy may be my only option. How do I begin filing for bankruptcy?
All Filing for Bankruptcy Questions & Advice
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I want to file for chapter 7 bankruptcy, but don't want to pay a lawyer. How do I file bankruptcy on my own?How can an automatic stay help me slow the foreclosure process?
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I lost my job a few months ago, and my wife lost her job recently as well. We have over $35,000 on credit card debt, we're a month behind on our mor...How do I file for Bankruptcy?
I lost my job in August, and havent been able to keep up with bills and my credit card debt is stacking up quickly. I think bankruptcy may be my onl...I think we're out of options and need to file for bankruptcy. What should we expect? How does filing for bankruptcy work?
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Question: Will filing a bankruptcy cause all my creditors to sue me?Would we be able to keep the house after filing Chapter 13 bankruptcy or after filing Chapter 7 bankruptcy?
However, we’re worried about losing the house. Would we be able to keep the house after filing Chapter 13 bankruptcy or after filing Chapter 7 ban...This site does not provide legal advice and users of this site should not interpret any of the information presented here as legal advice. The information provided merely conveys general information related to commonly asked legal questions. We are not a law firm and the employees responding to questions are not acting as your legal attorney. You should ultimately consult with a Lawyer for your case.
Answers (1)
The first thing you should do is talk to a bankruptcy lawyer, explain your situation and find out what you can do BEFORE filing bankruptcy in order to save as much money as possible. Pre-bankruptcy planning is one of the most important parts of any bankruptcy action. You can find a qualified local bankruptcy lawyer and get a free consultation by clicking the talk to a lawyer button at the bottom of this page.
Given that you lost your job, you will likely be a good candidate for a chapter 7 bankruptcy. During a chapter 7 bankruptcy filing, a bankruptcy trustee will be assigned to your case and will be responsible for liquidating all your non-exempt assets. If there are any assets you wish to keep that are not exempt, you will need to reaffirm the debt and continue making payments.
A chapter 7 bankruptcy will usually take about 3-5 months to complete, during which time no creditors are allowed to attempt to collect any money from you. After the bankruptcy is complete, your debts will be discharged (wiped out) and you will be able to start fresh.
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Posted by Staff Writer on 21 Jan 2010
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