Chapter 7 FAQ
If you are considering filing for chapter 7 bankruptcy you likely have more questions than answers. Perhaps you are overwhelmed with credit card debt, suffered a recent divorce or have mounting medical bills. If so, these FAQs may hold the answers to your questions. This website contains a wealth of information on bankruptcy. Be sure to explore the entire website and any links of interest. For a more personal response to your questions, please contact one of our bankruptcy attorneys directly at (972) 578-1400 or via email to set up a free initial consultation. We are conveniently located in the cities of Dallas and Plano.
∎ What is a debtor?
∎ What is chapter 7 bankruptcy?
∎ Can anyone file a chapter 7 bankruptcy petition?
∎ Do I need a lawyer to file a chapter 7 bankruptcy petition?
∎ Does my spouse have to file chapter 7 bankruptcy with me?
∎ Do I have to file chapter 7 bankruptcy against ALL of my creditors?
∎ What is a chapter 7 discharge?
∎ Can I still pay some creditors after my chapter 7 discharge?
∎ Will I lose all my property if I file a chapter 7 bankruptcy?
∎ What is an exemption?
∎ What property is exempt in a chapter 7 bankruptcy?
∎ How does the Bankruptcy Court know what I own?
∎ Do I have to list everything I own on my chapter 7 bankruptcy schedules?
∎ Will a chapter 7 bankruptcy stop my creditors from calling?
∎ Will a chapter 7 bankruptcy stop a foreclosure or repossession?
∎ If my car was repossessed will a chapter 7 bankruptcy help me get my car back?
∎ If I am in the process of being evicted, will a chapter 7 bankruptcy petition stop the eviction?
∎ If I have been sued by one of my creditors, will a chapter 7 bankruptcy stop the lawsuit?
∎ Will a chapter 7 bankruptcy wipe out my second mortgage, my car loan or any other secured debt?
∎ How does my divorce affect my ability or my former spouse’s ability to file for chapter 7 bankruptcy?
∎ Can I stop paying alimony after I receive my chapter 7 discharge?
∎ Can I stop paying on my student loans after I receive my chapter 7 discharge?
∎ Will I still have to pay my past due taxes after I receive my chapter 7 discharge?
∎ Will I have to go to bankruptcy court?
∎ If I am considering filing for chapter 7 bankruptcy, can I still use my credit cards?
∎ Can I pay my bankruptcy lawyer with a credit card or from a cash advance?
∎ Should I file a chapter 7 bankruptcy petition?
∎ Will filing chapter 7 bankruptcy affect my credit?
∎ How long will a chapter 7 bankruptcy appear on my credit report?
∎ Will filing chapter 7 bankruptcy affect my job?
∎ Can I keep any credit cards after filing a chapter 7 bankruptcy petition?
∎ Why shouldn’t I just take out a debt consolidation loan or refinance my mortgage?