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Prelle Eron & Bailey
(47)
- Financial
- Understanding
- Debt
“When I was later dissatisfied about a fee that I was billed for (after the case was closed), she reached out to me directly and the matter was resolved in a professional and timely manner.”
FAQs
How quickly can I file?
Pretty darn quick. It usually takes us one to two weeks to prepare a case after we have received all required documents. The most common reason for delay is missing documents and information, which is entirely in your control. In rare emergency cases (i.e. imminent foreclosure, etc.), we can get a case filed within a day or two.
How can I pay for a bankruptcy now that I lost my job?
There are many options here, including use of tax refunds or stimulus checks, unemployment income or back payments, help from family members, and even the use of funds held in retirement plans if necessary, as the CARES Act modified some of the restrictions on the use of retirement accounts.
With courts closed, can my creditors garnish, foreclose, evict, or repo?
For now, Governor Kelly has substantially restricted the ability of creditors to file foreclosures or evictions. However, this is temporary. Moreover, creditors can still repossess vehicles without restrictions. Additionally, courts remain open electronically and are issuing garnishments as and when requested. It is important that you do not rely on the courts being closed to protect yourself from creditor activities.
If I file, will I lose my unemployment back pay?
Your right to receive unemployment is an exempt asset. If you are expecting to file a bankruptcy case, by the time you are able to gather all of the information and we prepare your case, you will probably already be receiving your regular weekly amounts.
Will I still have to pay my taxes?
Most taxes are not dischargeable in bankruptcy, including income taxes in the past three years, sales tax, and withholdings tax. However, older income tax and tax penalties can sometimes be discharged. Moreover, in a restructuring case, taxes can be paid off over a 60 month plan without additional interest or penalties, all while preventing further garnishments and tax liens.
More information can also be found on the FAQ page of our website.
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