Questions That People Often Ask About Bankruptcy
At the Law Office of Geri Lyons Chase, we often hear about the concerns of debtors, such as those expressed below.
The abbreviated answers on this page are not intended to constitute legal advice about your unique circumstances. To get answers to your own questions about bankruptcy, consult with attorney Geri Lyons Chase.
What can I do about creditors and debt collectors who harass me? They call at all hours and even ask my family members and coworkers where I am!
Thankfully, bankruptcy laws have provisions to put a stop to creditor harassment. Once you file your case with the bankruptcy court, your creditors will be restrained by an “automatic stay.” This means they must not attempt to collect from you on any debts.
Will I be able to keep my house and car if I file for Chapter 7 or 13 bankruptcy?
A careful analysis of your situation will clarify which form of bankruptcy is right for you and what property you may be able to keep. Attorney Chase works with debtors’ individual circumstances to help them do all that they can to protect the assets that matter most to them if possible.
Will I ever be able to get decent credit again after going through bankruptcy?
First, realize that if you fall into default on numerous debts, your credit rating may be badly damaged for years. However, if your debts are discharged through a Chapter 7 or Chapter 13 bankruptcy, you can get a fresh start. Even with your bankruptcy mentioned on your credit rating, you may be able to get a credit card and/or buy a new house or car once your previous loans are no longer weighing you down.
I feel terrible about not repaying one or more of my creditors. Can I repay some of them even if I file bankruptcy?
Once your bankruptcy is completed, you may reaffirm – and repay – some of your debts. However, keep in mind that the bankruptcy trustee will expect you to treat all creditors fairly while your bankruptcy is in process. Ask an attorney for counsel about how to proceed if you intend to repay some debts after your bankruptcy is over.
How To Prepare To File Bankruptcy
The first step is to speak with a bankruptcy lawyer. Attorney Chase can help you get started listing debts and creditors and fulfilling the initial requirements for filing bankruptcy.
To schedule a free consultation, call 443-898-9655 or email us.