How will this affect my credit score- If you are in to see us, your credit is already shot. It will actually improve after the discharge is entered, or if in chapter 13, you make your payments as required.
Deciding which type is right for you, if any, depends on a number of factors, such as your income, types of debt, and whether you own valuable property not covered by your state’s exemptions.
How can bankruptcy help me- by getting you out of debt. The debt can be eliminated or paid back in monthly installments. Filing for bankruptcy allows you to regain control of your finances. A chapter 7 gives you a fresh start
Does everyone qualify- No. Qualification is based on the amount of debt and how much income is brought into the household each month.
Will filing for bankruptcy stop foreclosures, repossessions, or garnishments- Yes. The filing will impose a stay and stops your creditors from any further action
What is necessary to make my bankruptcy case succeed- The bankruptcy laws are to help you. We insist that you play by the rules. You must show up for hearings. You must make necessary payments. You must communicate with us. You must disclose all your assets and all your liabilities. You must complete two credit counseling sessions. As long as you follow our advice, you should have a successful outcome.
Are all debts discharged- NO. Child support; debts arising from inappropriate behavior, certain tax debts assessed within 3 years; most student loans.