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FREQUENTLY ASKED QUESTIONS when consulting with a Bankruptcy Attorney Orlando
Orlando bankruptcy FAQ Frequently Asked Questions every one filing for bankruptcy should know.
Orlando bankruptcy FAQ Frequently Asked Questions
- What should I bring to my initial consultation?
- Is there a fee for a consultation?
- Does your office have payment plans?
- What kinds of bankruptcy do you handle?
- How long does bankruptcy take?
- What is a Discharge? What does it include?
- Will I be able to obtain credit after filing for bankruptcy?
- How long will a bankruptcy notice stay on my credit?
- Do I have to include all of my credit cards and bills when I file bankruptcy?
- Do I have to go to Court?
- Will I be able to keep my home? ... my car?
Q. What should I bring to my initial consultation?
A. Please bring a list of your debts – with each creditor’s name and balance due. Be sure to list ALL debts, including home mortgages, vehicles, credit cards, bank loans, personal loans, student loans, and medical bills. Also, if you have been sued, bring the papers concerning each lawsuit to your first meeting with the attorney.
Q. Is there a fee for a consultation?
A. There is no fee for your first office consultation. In that consultation, the attorney will answer your questions about the bankruptcy process and ask questions about your specific situation. A preliminary decision may be made about whether Chapter 7 or Chapter 13 is most appropriate.
Q. Does your office have payment plans?
A. Of course! Attorney Snow works with each client individually to enable them to make payment arrangements of the necessary fees and costs so that they can get the bankruptcy relief they need.
Q. What kinds of bankruptcy do you handle?
A. We currently handle Chapter 7 and Chapter 13 cases, but the attorney will inform you about all types. Both Chapter 7 and Chapter 13 are briefly described elsewhere on this website. We urge you to read the information provided about Chapter 7 and Chapter 13 before your first consultation.
Q. How long does bankruptcy take?
A. A Chapter 7 bankruptcy case takes about 4 months from the date the case is filed to the date the Discharge issues. A Chapter 13 case usually lasts from 3 years (sometimes less) to no more than 5 years.
Q. What is a Discharge? What does it include?
A. A Discharge is a Court Order that states that you are no longer responsible to pay most of your debts. Although most debts are discharged, certain debts, such as domestic support obligations and recently filed income taxes are not discharged; and others, such as student loans, required a separate proceeding to determine dischargeability.
Q. Will I be able to obtain credit after filing for bankruptcy?
A. You are likely to be offered credit cards as soon as your Discharge issues. Be careful! Do not get back into financial difficulty. They will probably have low credit limits and high interest rates. In addition, you will probably be able to buy or refinance a house within two years. And you can probably buy a new or used car immediately after bankruptcy, but at a very high interest rate.
Q. How long will a bankruptcy notice stay on my credit?
A. A bankruptcy filing will remain on a credit report for 10 years.
Q. Do I have to include all of my credit cards and bills when I file bankruptcy?
A. You are required by the Bankruptcy Code to report all of your debts to the Court. You cannot choose to include some debts and leave out others.
Q. Do I have to go to Court?
A. Yes. There is one hearing you must attend whether you file a Chapter 7 or a Chapter 13 case, called the meeting of creditors or the “§341 hearing”. In many cases, that is the only hearing you will have to attend. The attorney will represent you at any hearing during your case.
Q. Will I be able to keep my home? ... my car?
A. Usually. It depends on a lot of factors, and this question can best be determined by scheduling an office appointment.
DISCLAIMER: The information provided is for informational purposes only and should not be construed as legal advice. Seek the advice of an attorney for advice on any legal matter.