Frequently Asked Questions

• What are the chances of renting a house during bankruptcy?
   It is entirely possible to rent a house during your bankruptcy proceedings, but there are certain steps that you can take to maximize your chances of doing so.  For instance, you might … more
• If I File For Chapter 7 Can I Keep Some Of My Property?
  In general, Chapter 7 bankruptcy gives up all of your non-exempt property.  Exempt property is property defined by state law which is not discharged from bankruptcy. State law varies greatly … more
• Will I Lose My House, Car, And Other Personal Property?
  Not necessarily, each state has laws that determine which items or property are exempt from being taken away. For example, many states exempt personal items such as furniture and clothing. In … more
• Can a bankruptcy court cancel a promissory note?
  Yes.  If your debts are successfully discharged in bankruptcy, then your outstanding promissory notes that deal with your current loan obligations are effectively cancelled by the bankruptcy … more
• How soon after bankruptcy can I purchase a home?
   A bankruptcy discharge remains on your credit report for seven to ten years, which can negatively impactyour ability to obtain the credit necessary to finance the purchase of a home.  … more