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In This Section:

Bankruptcy FAQs

(General) Questions

  1. How do I prepare for my 341 meeting in bankruptcy court?
  2. What takes place during a 341 meeting?
  3. What does the bankruptcy trustee do?
  4. Is it possible to reopen a bankruptcy case?
  5. What limits are placed on debtors who need to file bankruptcy more than once?
  6. Under what circumstances would I convert my bankruptcy?
  7. How do I prevent financial errors that lead to bankruptcy?
  8. Can self-employed people file bankruptcy?
  9. Are insurance rates affected when filing bankruptcy?
  10. Will I lose everything in bankruptcy?
  11. How do legal fees for Chapter 7 and Chapter 13 differ?
  12. Is borrowing from retirement funds allowed during bankruptcy?
  13. When is it necessary for people to know about my bankruptcy?
  14. How are windfalls treated during bankruptcy?
  15. Can income taxes be included in a bankruptcy?
  16. How does lien-stripping affect car ownership during bankruptcy?
  17. Is debt consolidation better than bankruptcy to resolve debts?
  18. What are the biggest myths about filing bankruptcy?
  19. How to determine the value of assets when filing bankruptcy?
  20. Is a short sale compatible with bankruptcy?
  21. What kind of questions are asked on the post-filing financial management course?
  22. What kind of questions are asked in the pre-filing credit counseling course?
  23. Can an automatic stay be removed by a creditor?
  24. What's the difference between a property transfer and a fraudulent conveyance?
  25. What types of income are exempt from being considered in a bankruptcy case?
  26. What effect does bankruptcy have on wage garnishment?
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(Mortgage) Questions

  1. What takes place when homeowners surrender their homes during bankruptcy?
  2. What is required of debtors who buy a home during Chapter 13 bankruptcy?
  3. How does a mortgage lien strip work in bankruptcy?
  4. Can I stop an eviction when I file bankruptcy?
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(Debt & Credit) Questions

  1. How Much Debt is Too Much?
  2. Can Bankruptcy wipe out Student Loan Debt?
  3. What kind of debts are not discharged in bankruptcy?
  4. Will credit cards with a zero balance survive my bankruptcy?
  5. Why is credit counseling required during bankruptcy?
  6. What is the best way to re-establish credit after bankruptcy?
  7. How do I get creditors to stop calling me when I'm filing bankruptcy?
  8. How are collection agency debts handled in bankruptcy?
  9. How is secured debt handled in Chapter 7 and Chapter 13?
  10. What are my options for handling debts outside my bankruptcy filing?
  11. How do I reaffirm a debt?
  12. How are recent credit charges treated in bankruptcy?
  13. What is the Credit Repair Organizations Act?
  14. What creditors are most likely to object once bankruptcy is filed?
  15. What point in a financial crisis should a person consider filing bankruptcy?
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(Joint Accounts, Marriage, Divorced) Questions

  1. How is the property of a non-filing spouse handled in bankruptcy?
  2. How does equitable distribution affect a non-filing spouse in bankruptcy?
  3. How are joint accounts handled in bankruptcy?
  4. Should a married debtor file alone in a community property state?
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(Chapter 13)

  1. What are the most common reasons for filing Chapter 13?
  2. What steps can prevent Chapter 13 bankruptcy from being dismissed?
  3. What are the advantages of filing Chapter 13 bankruptcy?
  4. What financial conditions favor filing Chapter 13 instead of Chapter 7?
  5. How does the court decide if my Chapter 13 payment plan will take 3 or 5 years?
  6. How is a Chapter 13 bankruptcy case conducted?
  7. What are the limits on paying off a Chapter 13 bankruptcy?
  8. When do creditor payments begin in a Chapter 13 bankruptcy?
  9. What are the ways that a Chapter 13 plan can be changed or ended?
  10. How are debts prioritized within a Chapter 13 payment plan?
  11. What is a Chapter 13 hardship discharge?
  12. Why are some Chapter 13 bankruptcy payment plans rejected?
  13. How are the payments to creditors determined in a Chapter 13 payment plan?
  14. How should I prepare for a Chapter 13 bankruptcy case?
  15. Can I re-file a Chapter 13 bankruptcy if it was dismissed?
  16. Will I be able to keep all my property in a Chapter 13 bankruptcy?
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(Chapter 7)

  1. How is my business affected if I file Chapter 7 bankruptcy?
  2. What causes most Chapter 7 bankruptcies?
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(Attorney) Questions

  1. What qualities should I look for in a bankruptcy attorney?
  2. Can I represent myself in a bankruptcy case?

(Terms)

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  1. What is a motion to convert in bankruptcy?
  2. What is the 70/90 rule related to bankruptcy filings?
  3. How does the means test work in bankruptcy?
  4. What is good faith in bankruptcy?
  5. What is involuntary bankruptcy?
  6. What is the The Bankruptcy Abuse Prevention and Consumer Protection Act?
  7. What takes place during an adversary hearing?
  8. How does a writ of execution work?
  9. What does debt reaffirmation mean?