Browse through our Bankruptcy Video FAQ for the answers to the most common bankruptcy questions. Click the ‘tags’ dropdown to browse through the different categories.

June 21, 2017

Will I Lose My House in a Bankruptcy?

Our Professional Answer Well, homes are generally protected by the Homestead Exemption in Florida if you filed. If you haven’t paid your mortgage, the mortgage lender can foreclose on your home, even if you file bankruptcy. […]
June 21, 2017

Will Creditors Stop Harassing Me When I File for Bankruptcy?

Our Professional Answer When you file for bankruptcy, the day of filing, a thing called the automatic stay goes into effect. What happens is when it’s in effect, meaning, you got a case number and your […]
June 21, 2017

Will I lose my retirement savings in bankruptcy?

Our Professional Answer Under the federal bankruptcy exemptions and under all state bankruptcy exemptions, qualified retirement funds are completely exempt. IRAs, 401(k)s, qualified retirement plans. These are all exempt under the bankruptcy code and state law. […]
June 21, 2017

Will I lose my assets if I file for Chapter 7?

Our Professional Answer Bankruptcy is a very powerful tool. A Chapter 7 bankruptcy requires that you list all of your assets and you must be completely forthright. Doing so, allows us to properly exempt everything that […]
June 21, 2017

Will bankruptcy stop wage garnishments?

Our Professional Answer Bankruptcy will stop 100% of wage garnishments. Where there’s a wage garnishment, we’re going to have to let the people that are garnishing your wages to know about it. There’s no question that […]
June 22, 2017

Will bankruptcy affect my spouse’s credit?

Our Professional Answer If you file bankruptcy, it does not affect your spouse’s credit. There are advantages in many cases too, a married couple filing together but if you choose not to, it does not effect […]
June 22, 2017

Will bankruptcy remove a lien?

Our Professional Answer: Bankruptcy does not typically remove a lien, unless that lien has been recently filed. Typically, within 90 days of the bankruptcy filing itself. In which case, we will have to file what is […]
June 22, 2017

Will bankruptcy stop a judgment?

  Our Professional Answer A bankruptcy will keep a creditor who has not received a judgment from getting one. That will be like any others in your bankruptcy. If a creditor has received a judgment, but […]
June 22, 2017

Which bankruptcy is right for me?

Our Professional Answer Figuring out which bankruptcy to file is very difficult. Chapter 7 is a liquidation, it can be filed by everyone and all businesses. Chapter 13 is an individual reorganization and Chapter 11 is […]