Questions, answered plainly
If yours isn't here, ask it at your free first meeting. There's no question we haven't heard.
Basics
What's the difference between Chapter 7 and Chapter 13?
Chapter 7 clears most unsecured debt in a few months. Chapter 13 is a three-to-five-year plan to catch up on things like a mortgage or car loan while you keep them.
Who qualifies for Chapter 7?
It depends on your household income compared with your area's median, and on your expenses. We run the test with your real pay stubs.
Which debts can't be cleared?
Child support, alimony, most student loans, recent taxes and court fines usually stay. Most other debts can go.
How long does it stay on my credit report?
Up to ten years for Chapter 7 and seven for Chapter 13. Many people can get new credit within a year or two.
Your things
Will I lose my house or car?
Most people who file keep both. The law protects a set amount of what you own, and Chapter 13 helps you catch up on what you're behind on.
Can I keep my retirement savings?
Usually, yes. Retirement accounts are generally protected in bankruptcy.
What happens to my tax refund?
It depends on timing and amount. We'll tell you whether to file before or after you receive it.
Fees
How much do you charge?
A flat fee for most Chapter 7 cases, in writing before you decide, and a set amount to start a Chapter 13, with the rest through your plan. The first meeting is free.
How fast can you file?
Within days when a garnishment or sale date makes it urgent. Most cases file within a few weeks of the first meeting.
Do I have to come downtown?
No. Our office is in Corktown with parking on the street, and every meeting can also be by video.
Still wondering?
Ask a lawyer directly. The first meeting costs nothing.