Frequently Asked Questions
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If you have any questions, are considering filing for bankruptcy, or you are interested in improving your credit, please call us directly to speak to an experienced bankruptcy attorney and set up a free consultation. Below are some of the questions we are frequently asked.
Can I buy a car or a house after I file bankruptcy?
If I file a Chapter 7 bankruptcy, will I lose my home, car, or other property?
One of the main reasons to file for bankruptcy protection is so you can keep your property. You can also file a Chapter 7 bankruptcy and not lose any property. That’s because the law allows you to keep many types of property when you file. Different states have different rules. If our analysis of your situation shows that you would lose property in Chapter 7, we will let you know before your case is filed. You may decide that it’s worth it to give up something in exchange for a discharge of your debts. If not, however, there are other options, such as Chapter 13 bankruptcy, to help you. It is possible to change the repayment terms on debt through a Chapter 13 bankruptcy.
I have mostly credit card debt and medical bills, can I file on just those?
Mr. Crawley will discuss details of your situation with you, but a Chapter 7 bankruptcy can eliminate unsecured debts such as credit card debt, medical bills, and other debt that is not tied to a specific piece of property.
Will hiring Crawley Law Firm, PA stop the collectors from harassing me?
My paycheck is being garnished. Will filing for bankruptcy stop the wage garnishment?
Yes. Filing for bankruptcy can stop a garnishment. When companies garnish paychecks, they are not concerned with leaving enough for you to live on. When you file for bankruptcy the creditor is required to give the money back.
I just received a foreclosure notice for my home. Can bankruptcy stop the foreclosure sale?
Yes. Filing for bankruptcy can stop the foreclosure and save your home.
What kinds of debts can be discharged with filing bankruptcy in Arkansas?
How will filing bankruptcy affect my credit?
Bankruptcy can appear on your credit score for 7-10 years. Filing bankruptcy wipes out your debts, so you are in a better position to pay your current monthly bills. After discharge, you can obtain new credit. When you complete our 720 program, you will learn how to increase your credit score to over 720 in an average of 12-24 months.