Frequently Asked Questions about Bankruptcy
Q. What if I have some property that I want to keep? Can I keep my house for example?
A. Many times, our clients qualify for certain exemptions under the Federal Bankruptcy Code. You need to contact an attorney to discuss your situation. Just because you have assets doesn't mean you will have to give everything up in fact, there are many things that qualify for exemption under the current law.
Q.How much does a bankruptcy cost?
A. To file a Federal Bankruptcy case you will need $299.00 for court costs or the filing fee. However to have quality legal representation, you will need to retain a lawyer or a law firm. The Law Firm of Brian Herbert Wilson Jr., has partnered up with several other lawyers too from Federal Bankruptcy Attornies. Com and can represent you in your bankruptcy case. The typical fee you can expect to pay will range between $900 and $1500 for legal representation. While you can find a "mill" that will fill out your documents or a paralegal who can help you for less money, we recommend you use a law firm or a lawyer to represent you in court.
Q. What about the creditors like Credit Cards, will they stop calling me?
A. Federal Bankruptcy protection occurs on the day you file your case. Under the law, a creditor is stopped from pursuing any collections against you. This means the calls should stop, and very quickly. As for the debts owed, each filer has a different situation, but generally, there can be debt relief for unsecured debts if you qualify under the rules. Call a lawyer to find out about your specific situation.
Call 303-816-9493
OR
303-838-9999