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As soon as your case is filed, the Bankruptcy Court issues what is called an automatic stay. The automatic stay forbids your creditors from contacting you or taking any further action against you to attempt to collect a debt. The federal courts impose strict penalties on creditors for willful violation of the automatic stay.

Yes, but how long you have to wait to re-file depends on the type of bankruptcy that you initially filed, if you received a discharge, and the type of bankruptcy you now wish to file. The time periods vary from two years to eight years.

No! This is why Chapter 13 bankruptcy is NOT a debt consolidation. We will determine your payment based on what you can afford to pay on a monthly basis. You will then pay this amount to the bankruptcy trustee and he or she will distribute that money to your creditors. At the end of your bankruptcy plan, any unpaid portion of your dischargeable unsecured debt (credit cards, medical bills, personal loans, etc.) is completely wiped out!

In most cases, you cannot eliminate student loans, certain tax debts, or court ordered domestic support payments. You also cannot eliminate some debts incurred within 60 to 90 days prior to the date of filing bankruptcy. You also cannot eliminate secured debts (such as mortgages or car loans) for personal and real property that you plan on keeping.

Certainly. Many people are actually able to obtain credit while their bankruptcy is pending. If you handle new credit wisely, you can begin to improve your credit score almost immediately