|
|
|
Frequently Asked Questions About Bankruptcy
Is bankruptcy my only option?
No, bankruptcy is most likely not your only option, but it may be the best option. In order to determine if you would benefit from filing for bankruptcy, you should set up a free consultation with The Bankruptcy Law Firm, Inc. Our lawyers will evaluate your case and then present you with options that are appropriate for your individual situation. Whether you need to file for bankruptcy or need credit counseling, we will provide you with quality service that you can rely on.
How long does the bankruptcy process take?
For most people, the bankruptcy process will take approximately 4 to 6 months. When you think about it, this is a relatively short amount of time, especially after you weigh the benefits of bankruptcy.
Will I have to meet with my creditors?
If you are filing for bankruptcy, you will have to meet with your creditors and a court appointed trustee at least once. However, when you obtain representation from The Bankruptcy Law Firm, Inc., one of our lawyers will represent you during your meetings. This means that you will not have to speak with your creditors as we will handle negotiations and conversations for you.
Why do I have to take the means test?
In order to file for bankruptcy in the United States, people must take the means test. The means test determines if people are eligible to file for Chapter 7 or Chapter 13 bankruptcy. Basically, the test was designed to decipher which type of bankruptcy is most appropriate for individuals. If you have questions related to the means test, please feel free to contact The Bankruptcy Law Firm, Inc. today.
Will I ruin my credit?
After you file for bankruptcy, your bankruptcy will appear on your credit report for 7 – 10 years. At first your credit score may decrease, but with time, it will improve if you make responsible financial decisions. Therefore, filing for bankruptcy will not ruin your credit.
The Bankruptcy Law Firm, Inc. is committed to helping individuals throughout the state of Arizona file for Chapter 7 and Chapter 13 so they can get out of debt quickly.
|
 |
|
|
|