What do I do now?
Let's get your Bankruptcy Questions Answered
Do you want answers to your bankruptcy questions? I had a lot of questions before I filed and I really didn't know where to go for answers. I didn't want to ask friends or co-workers because I didn't want them to know that I was even considering filing. Filing bankruptcy is confusing and overwhelming at best. It can also be quite embarassing. Let me tell you, though, there is no shame in filing bankruptcy. The shame comes from your
beliefs.
What do you believe filing for bankruptcy means?
My best advise is to find out the answers to your bankruptcy questions and then decide what is right for you and your family.
Some Quick Answers to Some Common Bankruptcy Questions
Will I stop being harrassed?
Yes, you will! By law, all actions against you must stop once bankruptcy documents are filed. Creditors cannot start up or continue any lawsuits, wage garnishees, or even telephone calls. They cannot demand payments. Keep in mind though that a secured creditor with a lien on a car, could get the stay lifted if you cannot make payments.
Who will find out?
When you file Chapter 7 it does enter into the public records. However, I don't think your friends are in the business of checking up on bankruptcy filings! Under normal circumstances, no one will know you filed for Chapter 7.
How long will it be on my credit report?
The Credit Bureaus will record your filing and it will remain on your credit record for 10 years.
Here are some of the questions that I had before filing for bankruptcy and you may have the same questions.
Click on each question to find a more in depth answer to these questions.
Should I file Bankruptcy?
What is the New 2005 bankruptcy law?
Can I discharge Student Loans?
Will I lose everything?
If you have questions that are not listed here, please
Contact Me
and I will add the question and answer here (as well as reply to you personally!)
I would also encourage you to seek legal advice. If you don't have an attorney and feel that you could not afford an attorney, there is a great solution! You can use
There are so many problems that can arise in your financial life and you can find yourself in a financial situation where your debt load is so heavy, there seems to be no way for you to repay all that you owe. Filing for bankruptcy may be a solution for your situation. Before you make a decision to file, find the answers to your questions. You may decide that actually filing is not for you. If filing is not the way for you to go, do come up with a plan that will turn your situation around. In my book,
From Bankruptcy Into Abundance
there is a step by step guide to follow that will help you get your finances in control.
You will need a financial plan and you will also want to find out what got you into this situation. You will want to learn about what your relationship is with money - what did you learn as a child about money?And you may decide that filing is just what you need to do in order to get the clean slate that you need to move on. Filing for bankruptcy and discharging your debt should not be taken lightly. You should get the answers to your bankruptcy questions. If you do decide, know that filing may be the best thing for you and your family. Don't file with shame - file knowing that you are taking action that will allow more to come into your life. It may be just the thing that will open the door for you to move on and go from Bankruptcy Into Abundance!
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