Bankruptcy Frequently Asked Questions

Are there alternatives to bankruptcy?

  • Yes, there are many bankruptcy alternatives. Some of these include loan modifications, debt negotiation, debt consolidation, debt settlement or a short sale. The attorneys at Dodge & Vega, PLC, can review your personal situation and explain the advantages and disadvantages of each of your options. Together you can determine the best approach to a brighter financial future for you and your family.

Will my friends and family know I’ve declared bankruptcy?

Although bankruptcy is a matter of public record, there is no official action taken to notify specific people of your bankruptcy or to publicize it. To find out about your bankruptcy, someone would have to do make deliberate enquiries for that information. Unless you make it known personally, then, it is very unlikely that anybody will be aware of it.

How do I know which type of bankruptcy is best for me?

  • The type of bankruptcy which would be best for you depends on many factors, such as what type of assets you own, your priorities regarding these assets and the type and amount of debt you have. You must also meet certain requirements to qualify for either a Chapter 7 or a Chapter 13 bankruptcy. Ask a bankruptcy lawyer to review your personal circumstances with you and advise as to which would be the most suitable option to suit your needs.

Is there anything I can do about creditor harassment?

  • Yes. Creditor harassment is illegal and you have rights under the law to protect you. Our firm can take action to demand your creditors cease and desist in these actions and escalate our efforts until the matter is resolved. In many cases, when harassment can be proven, you could even seek compensation from them. If you file for bankruptcy, creditors are immediately prohibited from continuing collection actions.

Don’t see what you’re looking for? Contact us about any questions regarding bankruptcy, family law or personal injury! We’re here to help you.