Will I lose my house in a bankruptcy?
If you are current on your payments, you will be able to keep your home. However, if you’re behind on your payments and you can’t get caught up, it’s possible the home could be taken from you and then they would sell it and you would be able to either keep or they would… Read More »
Are there debts that I cannot discharge through bankruptcy?
There are some debts that you can’t discharge in bankruptcy. That includes child support and alimony payments, student loans, and income tax that goes back at least three years and maybe more.
Can I keep my car if I file for bankruptcy?
If you’re current on your payments, you can probably keep your car. If you’re not current on your payments, the car will be taken, and usually the equity that you have in your car will be applied towards other debt that you already have.
How do I determine if should file bankruptcy?
The bottom line is, whether or not you can pay your bills. If you find, or feel as though you probably can’t pay your bills off in total, in the next five years or so, you may want to consider whether or not, you should apply for bankruptcy. Now, if you apply and if… Read More »
How do I qualify for bankruptcy?
Bankruptcy for most individuals is either Chapter 7 or Chapter 13. If you’re a Chapter 7, it will come down to the amount of money that you make, the income, assets, and liabilities that you have. If you make too much, it’s possible that you may be pushed into a Chapter 13, so you’ll… Read More »
