FREQUENTLY ASKED QUESTIONS

Do I have to put my house or car in Debtor's Court/Chapter 13?

Answer:
All debts must be disclosed. What will be paid by you direct or through the court can only be determined after a complete free and confidential analysis.

A relative or friend signed with me on one of my debts. Will it hurt their credit?

Answer:
No, although a disclosure that you and your debt are in a court proceeding may be shown on their report. This usually does not by itself cause someone to be denied additional credit. Each case is different and can be better determined after a complete free and confidential analysis.

Can I leave a few debts out of my case?

Answer:
The accuracy of my advice will depend on your complete confidential disclosure to me of all facts pertaining to your case, i.e., all income, all expenses, and all debts. Pursuant to the law and court rules, all of your debts must be disclosed. After your complete free and confidential analysis, all of your options will be explained, then you can decide which option to take.

How does bankruptcy hurt my credit? Can i buy a house, etc.?

Answer:
Both a Chapter 7 liquidation and a chapter 13 debtor's court payment plan stay on your credit ten years. However, most individuals are currently able to reestablish credit within 18 to 24 months, including the ability to buy a home or refinance.

What about tax debts to the irs or the state?

Answer:
Yes, they can be paid without further interest or penalty in a chapter 13 debtor's court payment plan, and some can be discharged outright in a chapter 7 liquidation bankruptcy. This is a complicated question that can best be answered, and details are available, after the complete free and confidential analysis.