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Frequently Asked Questions
bankruptcy? - If i am planning on filing bankruptcy, in about 2 months, would it be ok to stop paying the credit counseling people? We didnt start credit counseling to file banruptcy, but now it is the best thing for us.....
What effects does bankruptcy have on someone for the rest of their life? - Someone I know is filing for bankruptcy. I was wondering if there were any effects that bankruptcy would have on her as far as credit. Does bankruptcy go on any kind of personal record? I'm just wondering if she'll always have to worry that filing bankruptcy will effect her credit permanently or any other issues throughout her life?
How does Bankruptcy work if you are married? - Wondering how bankruptcy works if you are married. Say if one has awful credit, and the other has really good credit. The one needs to file for bankruptcy. Will the bankruptcy affect the other spouse? Or can the one do it alone without affecting the spouse at all? Any info or sites to look at would be appreciated. THANKS!
What is the difference between Bankruptcy and Bankruptcy Protection that I hear in the news recently? - In recent news, companies could be forced to Bankruptcy. Is this the same as "companies can be forced into Bankruptcy Protection"? I thought Bankruptcy protection is "PROTECTION" against Bankruptcy?
What happens when you file bankruptcy nowadays? - I hear it is very hard to file for the type of bankruptcy where they abolish all of your debt. However, what about the type of bankruptcy where you pay back some of your debt? If you file this type of bankruptcy, will you definitely get accepted, even if you make a high income? How much of your debt do they make you pay back and in what timeframe? How much does it cost to file for bankrutpcy nowadays? Do you have to pay a lawyer up front? Does a lawyer guarantee you will be accepted for filing bankruptcy? THANKS!
Is this a valid way to remove a bankruptcy from your credit report? - I have heard this is a good way to remove a BK. See below. Has anyone tried this? Unlike other negative information which stays on your credit report for 7 years, bankruptcy can be reported for up to 10 years. Bankruptcy courts keep cases active for a period of two years before placing them on microfiche. If your Chapter 7 bankruptcy has aged at least 27 months since the date of discharge, your in a great position to make it disappear forever, simply file disputes with the credit bureaus indicating that your bankruptcy was a Chapter 13 and not a Chapter 7. You need not provide any documentation to support your dispute, the burden of proof is on the government. Bankruptcy courts do not respond to requests for verification on cases which has been archived to microfiche, as a result the credit bureaus are required to remove the bankruptcy from your credit report.
What type of bankruptcy can I file for If I have 1 house and an apartment building? - I need to file for bankruptcy but Im not sure on the steps I own a 3 bedroom House, and I own a 4 apartment building, My home is being foreclosed on right now, what can I do to file for bankruptcy? How do I file for bankruptcy?
How soon after declaring bankruptcy can you buy property? - I am in the process of filing for chapter 7 bankruptcy. My girlfriend and I are also trying to buy a house. She has all of the money for the house. We are going to pay cash. All of the debt that I am declaring bankruptcy on is mine. I haven't used a credit card in nearly a year, but am still buried in debt. How soon after declaring bankruptcy can I own property? We would like to put my name on the house at some point, but don't want it to look like we have been hiding assets.
Can the bankruptcy courts or trustee withhold my rebate tax stumulus check? - I am filing bankruptcy on June 1, 2008 and am expected to receive my rebate stimulus check in July. Can the bankruptcy courts take my check to pay my creditors?
What is the best bankruptcy software for an attorney opening a bankruptcy practice? - I'm a lawyer who is about to go into solo bankruptcy practice in the Eastern District of Virginia and I'm looking to buy bankruptcy software. Should I get BestCase, EZFiling, or some third option? I'm especially interested in opinions from attorneys or paralegals who have tried out more than one program.