Frequently Asked Bankruptcy Questions

Browse our knowledgebase of frequently asked questions…

How do I know if filing Bankruptcy is the right option for me?

You can begin by filling out the free, no obligation bankruptcy evaluation form! You can also collect any relevant financial records and contact our office to speak to a live person about your unique a situation. We are very responsive to every call, and you will be able to speak to somebody the same day you call. We’re here to answer any questions you might have, and help you decide on the best option for your individual case… if Bankruptcy is appropriate.

What are my options for Bankruptcy?

For consumers, there are two different options: Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. Contact our office for personal attention in determining which option is best for you.

What should I know about Bankruptcy and foreclosure?

Each unique case needs to be looked at by an experienced Bankruptcy attorney to determine what rules apply, but in many cases a person filing Bankruptcy can prevent foreclosure and keep your home.

What should I know about Bankruptcy and bill collectors?

If you’re being harassed by debt collectors, we can help! Once you retain us, we will immediately put a stop on calls from bill collectors.

What should I know about Bankruptcy and credit card debt?

Credit card debt is one of the leading cases for Bankruptcy, and credit card companies are well equipped to dispute a claim. As your Bankruptcy attorney, Reinherz & Reinherz Law can help you reduce or even eliminate your credit card debt.

What should I know about Bankruptcy and medical bills?

Need some facts about medical bills and bankruptcy… what applies, what doesn’t, etc. Alternative Options?

If you’re being held down by debt related to medical bills, Bankruptcy might be an option to consider. While Bankruptcy is not the right option for everybody, we will review your unique circumstances and advise you of the best course of action to take.

Reinherz & Reinherz Law Offices offer Bankruptcy services to New Jersey and the Philadelphia area. We are proud to be federally recognized as a debt relief agency, and our Bankruptcy lawyers are here to help you… even if Bankruptcy isn’t your best option. Please feel free to take the Bankruptcy Evaluation and then contact us for personalized attention.

What should I know about Bankruptcy and DMV suspension?

Did you know that in some cases, Bankruptcy can even stop a DMV suspension? Contact us to find out if this applies to you… why waste another second?

How much does it cost to file bankruptcy?

We understand that cost is one of the biggest concerns to any person filing bankruptcy, and we are always upfront and honest about the cost. You should never have to deal with any unexpected surprises, and the last thing you need is more debt. Contact us for an accurate quote customized to your unique situation…

What’s the difference between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy?

In a nutshell, a Chapter 7 Bankruptcy wipes the slate clean and provides a fresh start, while a Chapter 13 Bankruptcy allows you to make affordable payments over an extended period of time.

How long will Bankruptcy stay on my credit report??

A Chapter 7 Bankruptcy will remain on your credit report for 10 years, and you will be ineligible to qualify for Bankruptcy for 8 years after you file. This is why lenders are more likely to lend to an individual who has filed Bankruptcy within a certain amount of time. The terms vary for different types of Bankruptcy, but you can find out more by calling a Bankruptcy attorney for more personalized information.

What should I look for in a Bankruptcy lawyer?

Naturally, the first thing you should look for in any lawyer is accreditation. What comes next is trust. Although lawyers have a bad name (and several “how many lawyers does it take to screw in a light bulb?” jokes) the mistrust doesn’t have to be true. Reinherz & Reinherz, for example, offers personal attention and we are here to help our bankruptcy clients get through this very emotionally– and financially– stressful point in their lives.

Look for a Bankruptcy lawyer you can trust to help you find the best options for you (not their wallets.) You don’t have to look very hard… we’re right here!

Will I lose my property if I file Bankruptcy??

In certain circumstances, an individual filing Chapter 7 Bankruptcy can keep their car and house. Contact us to learn about this new Bankruptcy Law designed to protect consumers.

How will Bankruptcy affect my credit??

In many ways, Bankruptcy can even help your credit score! By eliminating outstanding debt, or developing a repayment plan, you are establishing yourself as a responsible individual.

What should I do before filing for Bankruptcy?

The very first thing you should do (scratch that—you should have already done) is to stop spending money you don’t actually have. Make every effort to pay your bills on time, and avoid using credit cards or borrowing money. Contact us to consult with a qualified Bankruptcy attorney for personalized information.

What should I do after filing for Bankruptcy?

There are many things you can do after filing Bankruptcy, and a priority for many is to rebuild a credit report.

Where can I find more information about Bankruptcy? Eastern District of Pennsylvania Bankruptcy Information District of New Jersey Bankruptcy Information National Association of Consumer Bankruptcy Attorneys

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