If you are thinking about filing for bankruptcy, you will want to ask your bankruptcy lawyer a few questions. Before you make a final decision regarding your bankruptcy, it is important to get the answers you need. Asking a knowledgeable and informed bankruptcy attorney is a good place to start.
There is a complex mathematical computation that must be performed prior to a case being filed by an experienced bankruptcy attorney, and the result of this calculation determines whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy.
Once you know what chapter you are able to file, you will want to know how that type of case is different from the other.
If you want to keep your house or your car, the lender will probably ask you to sign a reaffirmation agreement. These agreements are like new loans. You will still be required to make payments after your case is finished. It is very important that the consequences be explained to you for each individual case.
Generally, once your chapter 7 case is filed the hearing will be scheduled approximately 4 weeks later and 60 days after the hearing you receive your discharge. From start to finish the whole process for a chapter 7 bankruptcy is approximately 90 days.
There are rules on how often you can file and what chapter you can file under, and if you have a previous case you need to know these rules.
This is the first time you will go to a hearing and in almost all cases is the only time as long as your attorney has prepared the case properly. We can put you at ease by letting you know exactly what will happen at this hearing.
Our costs are very competitive and considered low. We offer payment plans to those who need it.
If your chapter 13 bankruptcy gets dismissed it is important to call your bankruptcy lawyer as soon as possible to discuss your options. Delaying could limit your options.
In almost all cases all of your property and assets are protected and exempt.
We can provide you more details about bankruptcy so you feel comfortable with your choice to file a case.
For help getting out of debt, contact us today at 508-673-9500. We will prepare for what comes before and after we file your case.