What is bankruptcy? How's it work? What will bankruptcy do to my credit? Should I file? What happens to my debts? What about my property? You've got questions, we've got answers. Starting with the basics, get answers to the most common questions about bankruptcy.
Will I Lose My Home If I File for Chapter 7 Bankruptcy?
Bankruptcy can take your house if you file for Chapter 7, but many people are able to keep homes in bankruptcy. Find out if you will lose your house if you file bankruptcy and what you must do to keep it in Chapter 7.
Multiple Bankruptcy Filings: When Can You File Again?
If you file for bankruptcy too soon after receiving a previous bankruptcy discharge, you won’t receive another bankruptcy discharge. Learn how often you can file for bankruptcy and wipe out your debts.
Can the Lender Repossess My Car During Chapter 7 Bankruptcy?
If your car loan lender gets court permission, it can repossess your car during Chapter 7 bankruptcy. Find out how to avoid losing your car in Chapter 7 bankruptcy.
Can Bankruptcy Take Your Social Security?
Federal law protects Social Security funds in bankruptcy.
Can I File for Bankruptcy If I Am Unemployed?
You don't have to be employed to file for bankruptcy. But being unemployed can affect the success of your bankruptcy if you file for Chapter 13.
When Can I Get a Mortgage After Bankruptcy?
Learn how long it takes to get an FHA, VA, USDA, or conventional mortgage loan after Chapter 7 or Chapter 13 bankruptcy.
Can I Stop Paying My Mortgage While I'm in Chapter 13 Bankruptcy?
If you want to keep your home, you must continue to pay your mortgage while in Chapter 13 bankruptcy.
Can I Sue Someone Who Has Filed for Bankruptcy?
Find out how bankruptcy can get in the way of a lawsuit.
Can I File for Bankruptcy If I Make a Lot of Money?
Many high income bankruptcy filers wonder if they can make too much to file for bankruptcy. Although income limits exist in Chapter 7 bankruptcy, there are no income limits in Chapter 13. Even so, you can file for Chapter 7 bankruptcy if you make over 100k if you have enough qualifying expenses. If not, your income won't limit you in Chapter 13 bankruptcy.
Which Business Debts Are Discharged in Chapter 7 Bankruptcy?
Find out whether Chapter 7 personal bankruptcy will wipe out your business debt.
Will Bankruptcy Affect My Job or Future Employment?
In most situations, bankruptcy won't affect your current employment or getting a job unless you apply for a job in private industry that deals with money. Learn if you could lose a job if you file for Chapter 7 and how your employer might know if you filed for Chapter 13 bankruptcy.
Will Bankruptcy Stop the IRS From Collecting Tax Debts?
Many people wonder whether they can file bankruptcy on tax debt. A bankruptcy case can be an effective tool to clear tax debts. It will stop the IRS from continuing collection actions like garnishments and prevent the IRS from placing tax liens. Also, bankruptcy can eliminate (discharge) some older taxes and give you a process for paying back what you can’t wipe out.
Will Bankruptcy Get Rid of Lawsuit Judgments?
Find out if you can wipe out a lawsuit judgment in bankruptcy and what happens if the creditor has a lien against some of your property.
Can You Prevent a Marital Settlement Agreement From Being Discharged in Bankruptcy?
Learn how to wipe out property settlement debt in a Chapter 13 bankruptcy.
Will Bankruptcy Get Rid of a Charged-Off Car Loan?
Bankruptcy will wipe out your obligation to pay a charged-off car loan.
Should I File for Bankruptcy FAQ
Deciding if bankruptcy is right for you? Here are answers to your most common questions.
Should I pay credit card debt from retirement savings or file for Chapter 7 bankruptcy?
Pros and cons of using bankruptcy versus dipping into your retirement savings to get rid of debt.
Bankruptcy and Your Credit FAQ
Here are some essential questions to ask yourself.
Get Chapter 7 bankruptcy questions answered in the Chapter 7 FAQ format. Bankruptcy matters addressed include qualifying for Chapter 7 bankruptcy, what happens to unsecured loans and unsecured debt in bankruptcy, and property in Chapter 7, including keeping a home.