Bankruptcy FAQ

Sometimes, a fresh start makes sense–if you can get past what you think you know.

Here’s a simple list of the most common Bankruptcy FAQ's. See how bankruptcy affects your credit and your possessions.

• All Debts Are Wiped Out In Bankruptcy.


• My Filing Will Become Public Knowledge.


• I'll Lose All Of My Property.


• I'll Never Get Credit Again.


• If You're Married, Both Spouses Have To File For Bankruptcy.


• Only Deadbeats File For Bankruptcy.


• I Do Not Want To Include Certain Creditors In My Filing.


• Filing For Bankruptcy Will Improve My Credit Rating.


• You Cannot Get Rid of Back Taxes Through Bankruptcy.


• You Can Only File For Bankruptcy Once.


• I Can Max Out All My Credit Cards.


• I Understand The New Bankruptcy Law Makes It More Difficult For People With Credit Problems To File Bankruptcy?


• I Heard That If You Are Making Too Much Money, You Can Not File For Bankruptcy?


• Does The New Bankruptcy Law Change The Homestead Protection On My Home?


• My Home Is In Foreclosure, How Can A Bankruptcy Help Me?