What will happen if I file bankruptcy?

Answer If your debts are overwhelming and you feel that it will prove impossible to pay them off now or in the future, you may consider filing for bankruptcy. A successful bankruptcy can help you minimize... Read More »

Top Q&A For: What will happen if I file bankruptcy

What Will Happen If I Buy a Car When in Bankruptcy?

Bankruptcy wipes out many of your old debts, but doesn't prevent you developing new ones. If you have to replace your car while you're going through bankruptcy, the obstacles may include a judge's ... Read More »

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

What does it mean to file bankruptcy?

Filing for bankruptcy means that someone is undergoing a legal process that asserts that they are unable to pay their outstanding debts. Chapter 7 and Chapter 13 bankruptcies are the most common.So... Read More »

How often can I file bankruptcy in VA?

In Virginia, you may file Chapter 7 bankruptcy every six years. The six-year period runs from the end of the first case to the beginning of the second. A Chapter 11 or 13 bankruptcy may happen prio... Read More »