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Bankruptcy FAQs

If you are considering filing for bankruptcy, please know that our firm, The Bankruptcy Law Group LLC, is here to help. We know that choosing bankruptcy is not an easy decision, but it can be much more painful to lose your home to foreclosure, your car to repossession, and your paycheck to wage garnishment. Our team of skilled Stockbridge bankruptcy attorneys is here to answer your questions and discuss your options for debt relief.

Answers from Our College Park & Stockbridge Bankruptcy Lawyers

  • How long does bankruptcy stay on my credit report?
    It depends on which type of bankruptcy you file for. Chapter 13 stays on your credit report for 7 years, while Chapter 7 stays on your report for over 15 years. You can still work actively to rebuild your credit during this time.
  • When do creditors and bill collectors stop contacting me?
    When you file for Chapter 7 or Chapter 13, an automatic stay goes into effect that stops creditors from contacting you, which means they cannot take any action to collect money from you. This includes foreclosure, lawsuits, and car repossession.
  • Will I lose any property or assets if I file?
    It depends on your situation, but most people do get to keep their major assets. If you file for Chapter 13, you will not lose any property or assets. If you file for Chapter 7, most of your assets and property are exempt, but any loss will be outweighed by the benefits of a bankruptcy discharge.
  • Why do I need an attorney to file for bankruptcy?
    Although hiring a lawyer is not mandatory, it will greatly benefit you and your case. The knowledge and experience our team has will help you to choose the option that fits best for your goals and future. We will help you put together a workable plan, deal with all the paperwork, and negotiate with creditors for you.

“Its a relief to see the light at the end of the tunnel and start my life over with better savings and credit score. THANK YOU SO MUCH FOR EVERYTHING!”

- Tameka Thomas
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