When individuals and families are considering bankruptcy, they not only have many questions, but often come to us with many misperceptions and misconceptions about how and why to file bankruptcy.
We here at Whitten and Whittenwant above all else to help our clients feel comfortable by helping you understand the procedure and what is expected of you during this process.
To that end we have included many of our clients most often asked questions as well as many of the 'myths' that people have regarding bankruptcy.
QUESTIONS:
* How much does it cost to meet with an Attorney?
At Whitten and Whitten all first time consultations are free of charge.
* What do I need to bring with me when meeting an Attorney?
We do not require you to bring any information, however if you are currently employed, your last two paycheck stubs could be helpful in helping you decide the best course of action.
* I have not kept the best records of my finances. Is this a problem?
Generally not. Once you come into the office we can run a credit report for you which should provide us with the information that we need.
However you must remember, that it will finally be your responsibility to list ALL of your creditors and debts. If you leave off or omit a creditor, that debt will not be discharged and you will ultimately be responsible for it.
This is why it is so important to speak with an Attorney if and when you are first considering bankruptcy.
* If I file bankruptcy, will the creditors stop the harassing phone calls and letters?
Yes. When you file a bankruptcy, in almost every case, the bankruptcy court will issue an order to your creditors which prevents them from continuing any collection efforts against you outside of the bankruptcy court. Moreover, in almost every case, once you have filed for bankruptcy the court orders that all garnishments, home foreclosures and car repossessions are suspended.
* Isn't there a stigma or embarrassment when filing for bankruptcy?
*Will I lose my retirement and 401K if I file for bankruptcy?
No. The bankruptcy courts have provided rights and exemptions for individuals so they may keep their retirement pensions and 401Ks. In fact, by filing bankruptcy an individual can actually protect their retirement better if they have not filed.
In the following video; Attorneys Dan and Stacey Whitten answer the questions: * Do I need an attorney to declare bankruptcy? AND Can I declare bankruptcy even if I have a job?
