Bankruptcy Questions Answered: "BankruptcyHome.com is here to answer your questions about Bankruptcy. Our team of attorneys and legal professionals has designed a site that provides you with up-to-date information and news about bankruptcy and its processes.
Whether you are looking for basic information about the protections available to you through Chapter 13 or Chapter 7 Bankruptcy, or have thought seriously about filing bankruptcy and are seeking help about specific issues, we are here to help you get control of your finances and move toward a future free of crippling debt.
We explain how filing bankruptcy can Stop Foreclosure and help you keep most of your personal belongings. If the information on the site does not answer your bankruptcy questions, a sponsoring attorney in your area is ready to provide you with a free evaluation of your personal situation and advise you what types of debt can be discharged in bankruptcy.
Making the decision to file bankruptcy is not easy. Getting all the information about bankruptcy and answers to your questions so that you can make an informed decision is very important. Take a look around our Web site and hopefully we have provided you with a comprehensive overview of bankruptcy, its process, benefits and drawbacks.
Q: What is bankruptcy?
A: Bankruptcy is a process under federal law that allows debtors who owe more money than they can pay to either eliminate their debts or work out a payment plan to pay a portion (or all) of their debts over time.
Q: Will bankruptcy stop all the harassing phone calls and mail from bill collectors?
A: Yes! An 'automatic stay' will take effect when you file your case. It will stop the creditor harassment.
Q: Will bankruptcy stop a wage garnishment from a lawsuit over an unsecured debt?
A: Yes. The automatic stay will stop the garnishment.
Q: How long will bankruptcy remain on my credit report?
A: Bankruptcy can remain on your credit report for ten years."
