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FAQs |
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Please read the following frequently asked
questions regarding filing bankruptcy. The answers cover typical situations,
but there can be exceptions. |
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1. What is bankruptcy? |
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A. It eliminates your debt, with some exceptions, and gives
you a financial "fresh start".
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2. So, there are some debts that cannot be discharged in bankruptcy? |
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A. Yes. Generally taxes, student loans, and child support.
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3. What does a bankruptcy cost? |
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A. It depends on your individual circumstances. The
Bankruptcy Fee Schedule
provided in the notices has this information. Before you decide to file bankruptcy
we will go over the fees for your case and provide a contract to you telling you
what we will do and what it will cost. |
4. Do you offer a payment plan? |
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A. Yes. This will be discussed at the initial appointment.
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5. How are you different from other attorneys? |
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A. We practice exclusively in bankruptcy/collection law.
We have filed thousands of bankruptcies since 1984. Also, your appointments
will always be with an attorney, not a secretary or paralegal. |
6. If I decide to file bankruptcy, will I have to come to Wichita for anything? |
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A. Yes. Generally you will have to come to Wichita, only
one time, about a month after filing your bankruptcy. |
7. I filed bankruptcy several years ago. Can I file again? |
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A. Yes. If it has been at least eight years since you last
filed. It could be earlier, depending on what type of bankruptcy you filed
last time. |
8. After filing bankruptcy, when can I get credit again? |
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A. Whenever a creditor will extend credit to you. Typically,
it will be about four to six months before you can get credit again. It may
be longer to buy an expensive car or home. |
9. Do I need to get my credit report? |
A. This is not necessary. All we need is a complete list
of all your debts. However, a credit report may be helpful. But remember,
credit reports may not be complete and accurate. One source for your credit
report is:
Free Credit Report ONLINE:
www.annualcreditreport.com
or call (877)322-8228 |
10. I want to consider bankruptcy. What's next? |
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A. You may
print
out the Initial Consultation Form and send it in, or go
online
to fill it out. You must
have completed this form before we talk to you. |