Every situation is unique and I also recognize that you will likely have questions regarding the way the bankruptcy process works. At the statutory law workplace of Paul W. Rea , we attempt to teach my consumers about their choices and offer responses towards the questions that matter with their life. Phone my workplace today for individualized responses to your position, or review record below to get a solution to your questions that are preliminary. I’m right here to assist you.
Typical Bankruptcy Concerns and Responses
Q: simply how much would you charge for the appointment that is first?
A: Absolutely Nothing. The very first visit is free. There isn’t any responsibility to employ me personally whenever you want. We will sit back together and appear over your articles and evaluate your situation. When i am aware your complete situation i am going to then offer you my advice that is best on the best way to continue and I also will provide you with a defined estimate of the thing I would charge for my solutions. At that moment you are able to determine if you’d like to employ me personally or otherwise not. But you’ll not be expected to fund my time for your case unless you decide to hire me. Contact me online or at 402-858-1308 to schedule your free consultation that is initial.
Q: simply how much do you really charge for a typical Chapter 7 Bankruptcy? Simply How much can you charge for the chapter that is typical Bankruptcy?
A: The chapter that is typical charges are $1,000.00 additionally the standard Chapter 13 costs and expenses are a complete of $4,200.00. Both for Chapter 7 and Chapter 13 you might be additionally needed to finish two sets of guidance which, in the event that you utilize the on-line counselors i would recommend, will surely cost $20.00 per session for a complete of $40.00 of the costs. There are additionally filing charges charged because of the Bankruptcy Court that are presently $338.00 for the Chapter 7 and $313.00 for the Chapter 13. You’ll not be charged for the initial meeting and you’ll have a precise quote of my costs me or not before you decide whether to hire.
Q: could i make re re payments from the Attorney charges and Court expenses?
As your attorney you will have to pay an initial retainer for the case, usually $100.00.If you are filing a Chapter 7 Bankruptcy, your case will not be filed with the Bankruptcy Court until the entire balance is paid.If you are filing a Chapter 13 Bankruptcy, a smaller “up front” amount is paid to file the case and the remaining balance is paid through the Chapter 13 Plan of Reorganization payments.There are no set payment requirements; all that I ask is that you pay whatever amount you can afford as soon as you can afford to do so a:If you decide to hire me.
As soon as i will be retained for either style of Bankruptcy you are able to inform all creditors at 402-858-1308 that you have hired an attorney and you are instructed by me to no longer discuss your case directly Mississippi title loan with them; if they have questions they need to contact me . While this generally speaking stops the phone calls it shall perhaps not stop any legal actions or garnishments. Just the filing regarding the full situation stop those collection tasks.
Q: can i lose my . . . household, vehicle, your your retirement cost savings or any other property?
A: The short response is that the vast majority of my customers have the ability to keep all their assets.When you file Bankruptcy you must provide a listing of most of the things you own.You then are permitted a chance to “claim as exempt” (keep on your own) the property you listed.The simplified solution is the fact that in Nebraska we now have specific quantities of different sorts of assets that people are permitted to keep.Generally speaking, you will find often enough “exemptions” to allow a Debtor to help keep all the stuff they have.
But you will find a couple of sets of circumstances where you can lose some home:
1) your debt a debt against an asset which you cannot afford to pay, and
2) You’ve got too equity that is much a secured asset that you’re perhaps perhaps perhaps not permitted to keep.
A good example of number 1 is where you’ve got a vehicle re re re payment of $425.00 per but due to a reduction in income you can no longer afford to make the car payment anymore month. You could get rid regarding the re payment responsibility within the Bankruptcy, nevertheless the lien owner will manage to repossess the vehicle. A typical example of number 2 is where you possess a homely household that is worth $150,000.00 which you only owe $50,000.00 towards the home loan business. In Nebraska we’re just permitted to keep $60,000.00 of Homestead property, and therefore you may likely need to offer the homely household in the event that you filed a Chapter 7 Bankruptcy.
But, once more, in many situations then you should be able to keep your assets if you are current on your monthly payments for your house and your car, and you can afford to maintain those payments if we get rid of the other unsecured debts.
Q: we am being garnished for an unsecured debt. When will the garnishments end?
A: we file your Bankruptcy all collection activities must cease immediately if you have been sued on a consumer debt and your paychecks are being garnished or your bank accounts are being seized, the very second. This can include the garnishments which are currently appearing out of your paychecks once the Bankruptcy is filed. Now, as being a practical matter, your payroll workplace may continue steadily to simply just take the garnishment out before the garnishing court dilemmas a launch of garnishment purchase, but all monies applied for once you’ve filed the Bankruptcy need to be gone back for you.