FAQs

How do I re-build my credit after bankrutpcy?

Bankruptcy

After you’ve filed for bankruptcy and finished the process, you can start to look toward the future. You need to take steps to rebuilding your credit. Although it may be difficult, it is not impossible. It may be like getting your first job in some ways. Although you had no experience, you finally did get […]

How can my creditors take my car (or other assets)?

Bankruptcy

Creditors have many ways to collect on debts. People are most familiar with debt collectors calling or sending collection letters to try to collect on loans or debts. Even though this is the most common way to collect debt, debt collectors have other ways to get repaid. One common method is to repossess property used to […]

Are child support payments dischargable?

Bankruptcy

Child support obligations are one of the nondischargeable debts some may have to deal with in bankruptcy. If you owe child support arrears, your child’s other parent has many ways to collect the money from you. He or she may head to court and ask a judge to issue a judgement for the child support arrears. Once […]

Do I ditch my spouse or my debt first?

Bankruptcy

Many people may be lead to filing for bankruptcy because of a divorce or impending divorce. However, they may not consider if it is more beneficial to file for bankruptcy or divorce first. By taking some steps to plan your actions, you may be able to make your bankruptcy and possibly your divorce less complicated. […]

What is the ‘means test” and how does it apply to me?

Bankruptcy

If you are just exploring bankruptcy options, you may be overwhelmed by information and not even be able to determine if you can or should file for Chapter 7 bankruptcy or Chapter 13. To file for Chapter 7 bankruptcy, you must pass a means test. Many think that a means test will automatically force them into filing for […]

What is a reaffirmation agreement? and why do I need one?

Bankruptcy

A reaffirmation agreement in bankruptcy is a voluntary agreement between a chapter 7 debtor and a creditor that the debt between them will not be discharged. By reaffirming a debt, the debtor promises to repay the debt even though they would not be required to do so and the creditor agrees not to take actions such as […]