FAQs

FAQs
Frequently Asked Questions about reorganization and bankruptcy
What is bankruptcy?
How much will bankruptcy cost?
Can bankruptcy stop garnishments? Can it stop foreclosure?
Am I going to lose all my possessions? Can I keep my car and house?
How will bankruptcy affect my credit?
How long will a bankruptcy appear on my credit reports?
How long will it take for me to buy a car or home after filing bankruptcy?
Do I have to file bankruptcy with my spouse if I am married?
What's the difference between Chapter 7 and Chapter 13 bankruptcy? What are some pros and cons for each chapter?
Will bankruptcy wipe out all of my debts?
Will I have to go to court?
What documents do I need to file bankruptcy?
What does the trustee do?

What is bankruptcy?