Can I keep my tax refund if I’m in bankruptcy?

Typically, you will keep your refund during bankruptcy. However, there are some exceptions where the IRS, state, or child support office may offset your refunds. If you have any concerns, then your attorney can discuss how it works.

What if my vehicle is totaled or I need to finance a replacement?

In most cases, debtors can get financing for a replacement vehicle while they are in bankruptcy if their current vehicle breaks down or is totaled. This will require court approval, but our attorneys can walk you through that process.

How do I rebuild my credit after a bankruptcy filing?

First, report your discharge to the credit reporting bureaus. Then, check your credit report to make sure it is updated. After that, make sure to stay current on your payments and do not use more credit than you need. There are lots of good articles online on how to manage credit and improve your credit score and these apply whether you have filed bankruptcy or not.

Will I still be able to get loans/credit after filing bankruptcy?

Typically, yes. While many lending decisions will involve other factors, such as your current income, many of our clients qualify for vehicle loans and other loans after they complete their bankruptcies. Many even qualify for home loans.

Will bankruptcy ruin my credit?

No, credit can be rebuilt after a bankruptcy filing. It is true that bankruptcy will have a temporary impact on your credit but, with a little time and responsible credit habits, you can get your credit score back into good standing.

Will I lose my home, vehicle, and personal property if I file bankruptcy?

No! There are exemptions in the bankruptcy code that allow us to protect your property. Without bankruptcy, creditors can put liens on your property and try to collect. We can help you protect your property while getting help with your debts. We will review how to do this during your free consultation.

I am only making minimum payments on credit cards, can bankruptcy help?

Yes! Minimum payments are probably not even covering the interest, so it is unlikely the debt will ever be repaid. Bankruptcy allows you to break the cycle of never-ending interest and either eliminate the debt or pay it back with no more interest added.

I can’t afford to pay all my bills, can bankruptcy help?

Yes! Filing bankruptcy will eliminate your debts or reduce your debt payments, which will free up income to pay your everyday living expenses.

How can I stop creditors from calling me?

Yes! Once you file for bankruptcy, your creditors will receive notice of your bankruptcy, and they will not be allowed to contact you anymore.

What if I haven’t filed my taxes in a while?

You can still retain us to prepare a bankruptcy filing for you, but you will need to file your taxes ASAP. A bankruptcy can be dismissed (i.e. kicked out) for unfiled taxes. We will help you come up with a plan to get the taxes filed and still get relief from your debts.