Can bankruptcy stop garnishments, law suits and creditors from calling?
Yes. Once you file for bankruptcy an “automatic stay” will prevent creditors from continuing their collection attempts. Will bankruptcy eliminate all of my debt? Not necessarily. Certain debts like student s loans, taxes, certain credit card debt and other debts generally cannot be discharged. Will I lose all of my assets? There are a number of assets that are “exempt” from the bankruptcy process and free from creditors who do not have a lien against the exempt asset. To learn more about what assets you may be able to keep, click here. What is a “Fraudulent Transfer”? A transfer of a debtor’s property made with intent to defraud or for which the debtor receives less than the transferred property’s value. What is a “No-Asset” Bankruptcy? A chapter 7 case where there are no assets available to satisfy any portion of the creditors’ unsecured claims. Can I keep my home if I continue to pay my mortgage/s? If you have a mortgage on your home but would still like to keep the home, you will ne
