Bankruptcy Attorney

Bankruptcy Q & A

Will I no longer owe all of my debts if I file a Chapter 7 bankruptcy?

Some types of debt cannot be discharged in Chapter 7 bankruptcy. These include child support, spousal support, some taxes and student loans. However, most consumer debt is discharged - you will no longer owe it - in a Chapter 7. This includes credit card debt, medical bills and other types of consumer debt. When evaluating the financial situation for our clients, our bankruptcy lawyer will advise you what the result will be for your debt situation.

Will I lose my home?

When a home is in foreclosure (as many are currently) there are certain actions that can be taken during the bankruptcy process to help you to avoid losing your home. However, it is vital that you act quickly, as there is a point of no return and our legal team needs to act before you reach that date.

How long does bankruptcy take to complete?

The total time varies but is generally about 3 months. As soon as the bankruptcy petition is filed, all creditor actions must stop, and you will begin to experience relief.

What if I don't qualify for Chapter 7?

When an individual or a family has too many assets to qualify for Chapter 7, they likely can file Chapter 13, which gives them the opportunity to pay off back debt over a 3 - 5 year period. Often the interest or principal in the debt is reduced in the process, and you will be paying much less than you would have trying to juggle payments just to stay afloat.

What can Bizar & Doyle help me with?

The legal team at the firm assists clients with virtually any type of bankruptcy or other debt-related matters. To learn more about our specific services and how we may be able to help you, we recommend that you call our offices for a confidential review of your unique financial situation.

Contact a bankruptcy lawyer to get your questions answered about qualifying for bankruptcy, Chapter 7, Chapter 13, or business bankruptcy.