Spokane Valley Bankruptcy Attorney
What are Credit Counseling Sessions?
All consumer debtors are required by law to complete 2 credit counseling sessions, one prior to filing a bankruptcy case and one prior to receiving a discharge. The first counseling session can be done over the phone, on the internet, or in person, and usually takes less than an hour. We must receive each client’s certificate of completion prior to filing his case.
Were Do I Take A Credit Counseling Class?
Debtors must complete their credit counseling sessions with an agency approved by the US Trustee’s office. The sessions may be completed over the phone, on the internet, or in person. For a complete list of approved credit counseling agencies in our area, click here.
Will I Lose My Property?
Our job is to help you save your property. We will do all that we can to help you retain your home, vehicles, and all other property you may have. Most debtors are able to retain all of their property by utilizing the appropriate exemption statutes.
What About My Future Credit?
The filing of a bankruptcy may be reported on an individual’s credit reports for up to 10 years. This means that anyone looking at your credit history will know that you declared bankruptcy; it does not mean that you will not be able to obtain credit. There will be lenders willing to do business with you, but often at higher costs, i.e. high interest rates. Be wary: protect you and your family from predatory lending practices. Shop around and compare prices!
Can I Keep My Car?
In most circumstances, debtors are able to retain their vehicle(s). However, if you still owe money on the vehicle loan, you must continue making payments and keep the car insured.
How Can I Re-establish My Credit After Bankruptcy?
Start making payments on time after filing bankruptcy. Future lenders want to see that you are reliable. Remember, there will be lenders willing to do business with you, but often at higher costs, i.e. high interest rates.
What If I Have A Co-signer?
You must notify us if you wish to protect your co-signer. In a Chapter 13, the creditor may be forced to accept lower payments than you are making now and the co-signer may still be protected during your Chapter 13 plan. There is no co-signer protection in Chapter 7.
Will I Have To Go To Court?
There is at least one appearance that you must make, referred to as the “Meeting of Creditors.” The meeting is held by the Trustee appointed in your case. It does not take place in a courtroom and is not presided over by a judge; our attorney will represent you at the meeting. We will review all of the details with you prior to the meeting so you will be prepared.
Are Any Debts Not Covered by Bankruptcy?
There are a few debts that cannot be discharged or “wiped out.” It is important to meet with an attorney to discuss whether any of your debts are non-dischargeable. Some of these debts include child support, spousal maintenance, student loans, and recent income taxes.
How Do I Know If Bankruptcy Is Right For Me?
You should take advantage of our free consultation to go over your financial affairs in detail, without any obligation. Obtaining information will help you to make the best decision for yourself and your family.
We are a Debt Relief Agency. We help people file for Federal Bankruptcy Protection under the Bankruptcy Code.