Questions to Ask About Filing Bankruptcy
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Questions to Ask About Filing Bankruptcy

If you're struggling with debt and thinking about contacting a bankruptcy attorney, you may be curious about the types of questions you should ask about filing bankruptcy.

After all, you want to make your conversation with an attorney worth your time, and you also want to make an informed bankruptcy decision.

To help you in your search for bankruptcy information, some key questions are listed below, along with brief answers. If you speak with a local bankruptcy lawyer, you may consider using these questions to begin your conversation.

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Common Questions Asked About Filing Bankruptcy

Bankruptcy is a complex field of law, based on numerous state and federal statutes. Listed below are a few questions often asked by people considering bankruptcy:

  • Which type of bankruptcy is right for me? The most popular forms of personal bankruptcy are Chapter 7 and Chapter 13. Chapter 7 is designed for people with limited income and few assets, while Chapter 13 is better suited for people with steady incomes.
  • How can bankruptcy help reduce my debts? Chapter 7 bankruptcy may help eliminate some or all of a person's unsecured debts. On the other hand, Chapter 13 bankruptcy allows filers to reorganize their debts and may stop home foreclosure.
  • Will filing bankruptcy get creditors off my back? Yes, it may. Bankruptcy's automatic stay is designed to prevent creditors from taking collection actions against filers, and it may also stop harassing phone calls and letters.
  • Can bankruptcy eliminate medical debt? Yes, bankruptcy may allow a person to discharge medical debt as well as credit card debt, another common reason why people file. Both are considered "unsecured" debt and can be included in a Chapter 7 or Chapter 13 filing.
  • What are some alternatives to bankruptcy? Other options include debt relief agencies and negotiating with creditors, though bankruptcy is a debt relief option that occurs under the supervision of federal courts.

Other questions people ask bankruptcy lawyers involve issues such as the effect of bankruptcy on Medicare or Medicaid, the reality of life after bankruptcy, and bankruptcy's treatment of child support and alimony.

Contact a Local Bankruptcy Lawyer to Ask More Bankruptcy Questions

The questions listed above are just a few of the most commonly asked queries about filing bankruptcy. Many people find there is no substitute for seeking information from a local bankruptcy lawyer.

To connect with an attorney in your area for a free consultation, simply fill out the brief form below. And don’t hesitate to ask plenty of questions about the pros and cons of filing Chapter 7 or Chapter 13 bankruptcy.

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