I heard the Bankruptcy laws have changed. Will I still be eligible to file under the new law?

  Probably! The actual percentage of debtors who are not eligible to file Chapter 7 under the new law would not be much different if the laws had not changed. For Chapter 13 filers, the difference is even less! Bankruptcy Guru recommends that you meet with an experienced Bankruptcy attorney to see if you are eligible to file.

  If I file for Bankruptcy will I still be able to keep my car and my home?

  If you are still making auto and house payments, then you will need to keep making those payments if you wish to retain the collateral. However, the Bankruptcy Court can still liquidate (seize & sell) your home or vehicles if you have too much equity in the property. The most equity a debtor may posses in their home is $125,000.00 in the State of Washington. An experienced Bankruptcy attorney can help you determine if a Bankruptcy filing could result in liquidation.

  If I file for Bankruptcy will I have to go to court?

  Yes. The Bankruptcy Code requires that all debtors must attend at least one hearing in Court called the Section 341 -Meeting of Creditors hearing. In certain instances, the Debtor may attend the hearing telephonically with the Court's prior permission. Most attorneys but not all, will attend the hearing with you, so make sure you ask your attorney if he or she will appear in court with you.

  If I file for Bankruptcy will I have to attend any classes?

  Yes. Before your case can be filed, you must speak with a Court approved credit counselor at least once. Also, you must attend at least one Court approved Financial Management class before your Discharge can be granted. However, all classes can be attended and completed online or on the phone rather than in person.

  How soon will I be able to get credit after I file?

  Bankruptcy Guru is not qualified to determine if you will be eligible to receive credit or a loan from any potential creditor or lender. However, it is very common for debtors to receive offers of credit even while their Bankruptcy is still pending! Bankruptcy Guru strongly recommends that you be extremely careful when obtaining new credit after you have received your fresh start!

  Do I need to list all my creditors when I file?

  Yes! Absolutely, you are required by law to list all your creditors when you file. However, you may enter into a legally binding agreement to pay back any creditor (reaffirmation agreement) you wish. Make sure you discuss the details of such an arrangement with your attorney.

  What type of debts goes away when I file?

  A better question would be "what debts do not go away (discharge) when I file?"In Chapter 7 cases most taxes, child support, obligations awarded in a family law decree, most student loans, traffic tickets, criminal penalties & restitution, as well other debts owed to government entities cannot be discharged by filing a Chapter 7. If your are like most people, then most of debt is comprised of credit card, medical bill and unsecured personal loans, all of which can be discharged provided there are no issues of fraud surrounding the debt.

  Can I file a Bankruptcy without an attorney?

  Yes. You are not required to have an attorney when you file for Bankruptcy. In fact, you are not required to have an attorney if you are standing trial for murder either! However, Bankruptcy Guru recommends that you at least speak with an experienced Bankruptcy attorney before you decide to file.

  Does your office offer a free consultation?

  Yes. My initial in-office consultation is always FREE. However, I do charge for the consultation if you have already filed a Bankruptcy case that is still open and you want a second opinion, or you want me take over the case.

  What do I need to bring with me to your free consultation?

  Please bring the following to your appointment:
1. Most recent required tax return or a copy.
2. Most recent current pay stub or a copy.
3. Last pay stub from all jobs you had during the last 6 months or copies.
4. Written list of your debts, and/or a credit report or copies of all your bills.