Sicklerville Bankruptcy Lawyer FAQ

Frequently Asked Questions About Bankruptcy

If you're considering bankruptcy, you likely have many questions. Below, we answer some of the most common concerns to help you navigate this challenging financial decision.

1. What Are the Different Types of Bankruptcy?

Individuals typically file for either Chapter 7 or Chapter 13 bankruptcy:

• Chapter 7: Involves liquidating assets to pay off debts.
• Chapter 13: Allows individuals to create a structured repayment plan over time.

2. Will Filing for Bankruptcy Ruin My Credit?

While bankruptcy does impact your credit score, it is not permanent. Many individuals begin rebuilding their credit within a few years by using secured credit cards, responsibly managing finances, and making timely payments.

3. How Do I Know If I Qualify for Bankruptcy?

Eligibility depends on income level, debt amount, and financial situation. A bankruptcy lawyer can assess your case and help determine whether you qualify for Chapter 7 or Chapter 13 bankruptcy.

4. What Debts Can Be Discharged Through Bankruptcy?

Most unsecured debts—such as credit card balances and medical bills—can be discharged. However, some obligations, like student loans, child support, and certain tax debts, typically cannot be eliminated through bankruptcy.

5. How Long Does the Bankruptcy Process Take?

• Chapter 7 cases usually take a few months to complete.
• Chapter 13 cases involve a structured repayment plan lasting three to five years.

6. Will I Lose All My Possessions If I File for Bankruptcy?

• Under Chapter 7, some assets may be sold to settle debts, but exemptions allow you to keep essential property like your home or car.
• With Chapter 13, you can typically retain all assets as long as you comply with your repayment plan.

7. Can I File for Bankruptcy Without a Lawyer?

While you can file on your own, it’s not recommended. Bankruptcy laws are complex, and an attorney ensures you follow proper procedures while protecting your rights.

8. How Much Does It Cost to Hire a Bankruptcy Lawyer?

Legal fees vary based on case complexity and attorney experience. Many bankruptcy lawyers offer free consultations and flexible payment options to make their services more accessible.

9. What Are the Benefits of Hiring a Bankruptcy Lawyer?

A skilled bankruptcy attorney can:
✔ Explain your options and guide you through the legal process.
✔ Help you avoid costly mistakes.
✔ Represent you in court and protect your interests.

10. How Can I Get Started With Filing for Bankruptcy?

The best way to begin is by scheduling a consultation with a bankruptcy lawyer. They will evaluate your financial situation and provide personalized guidance to help you make informed decisions about your future.

Need Help? Contact an Affordable Bankruptcy Lawyer in Sicklerville

If you're ready to take the next step toward financial freedom, reach out to Affordable Bankruptcy Lawyer Sicklerville at (856) 677-5365. Our team is here to support you through every step of the process.

The BEST option is to leave it to the pros. Let Sicklerville Bankruptcy Lawyer deal with all your needs. Give us a call and we can walk you through it..

Call Now the Bankruptcy Attorney in Sicklerville at 856-677-5365, for a free consultation today!

Get in touch with us NOW at 856-677-5365