joewantsto asked:


After filing for bankruptcy, how long does it take to go through. Like is it weeks or months for the claim to go through?

Apryl asked:


I just heard today that my parents might file for bankruptcy and I’m very worried. I heard that there are different “chapters” for when you file for bankruptcy My parents tell me not to worry about it and its not that bad, but I can stop feeling concerned.

Can someone please help explain to me what the effects of filing for bankruptcy are and what are these “chapters” Thank you.

Danny asked:


I for some reason heard that you can only have a certain amount in your checking account when you file bankruptcy? Is this true?

Also, should I have my work paychecks come directly to my house instead of direct deposit so the money doesn’t show in the account?

theplayer225 asked:


What happens to creditors when someone declares bankruptcy?

I know they get screwed but if that person starts making money again can they still get the money or they don’t have to pay it back ever? like if they get out of bankruptcy , how does that work?

Dan asked:


I filed for Chapter 7 in april ‘09 and had all my debts discharged. I recently applied for a FAFSA loan. At the end of the filing, the file said I might be eligible for a certain amount of pell grant money.

Will the bankruptcy have any bearing on whether or not I will get approved for either a loan or grant?

Wilson asked:


A non professional gave me the advice of filing bankruptcy for debt i have totaling $5000. His argument was that with these debts that i have are obliterating my credit score anyway and that bankruptcy wouldnt be any worse. Is this true? What does filing bankruptcy do to your credit report and would it damage it more or less than leaving these debts sit as i do not have the money to pay them off at the moment. Thank you for reading and any help.

Ashley asked:


I live in California and my husband and I are in the process of filing bankruptcy. It hasn’t been discharged yet. Can we buy a car with cash before the bankruptcy is discharged or do we have to wait until it is discharged?

Marie asked:


We going to file for bankruptcy to stop a foreclosure but only one could do it. I wanted to know what are con and pros in filing for bankrupcty?
Thank you so much!

Andrew G asked:


I had a bankruptcy discharged in March of 2005, and that bankruptcy did include a mortgage and home equity loan. My financial situation has improved, and I am thinking about buying another home, but am not sure if enough time has passed since the previous issues for banks to consider me as a client.

SydVargas asked:


I may be forced to file bankruptcy and I wanted to get more information on which kind would be right in my situation. This is not for a business, it would just be a personal bankruptcy for one single person.