FAQs
Christman & Fascetta LLC
Have a bankruptcy-related question? We have the answer. Check out these FAQs and give us a call today for more information!
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Does bankruptcy stop foreclosure?
Yes, in most cases when you file for bankruptcy it will stop foreclosure on your home. If you require legal assistance, contact us today to connect with one of our bankruptcy lawyers.
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Does bankruptcy stop the repossession of your automobile?
Yes, filing for bankruptcy will stop the repossession of your vehicle in most cases. When you want complete bankruptcy consultation and representation, get in touch with our expert team of bankruptcy lawyers at Christman & Fascetta LLC.
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Will bankruptcy stop wage garnishment?
Yes, stopping wage garnishment is one of the upsides of filing for bankruptcy. For legal assistance with bankruptcy cases, contact us to learn how our bankruptcy lawyers at Christman & Fascetta LLC can help.
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Can I keep my home if I file for bankruptcy?
In most cases, as long as you keep up with payments, you will not lose your home. Working with bankruptcy lawyers can ensure that you are familiar with the security of your assets.
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What gets forgiven in bankruptcy?
Bankruptcy lawyers can help resolve some of your outstanding debts. The following debts can be forgiven in bankruptcy:
- Personal loan
- Credit card
- Medical bills
- Payday loan
- Evictions
- Utility bills
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How long does bankruptcy normally take?
A normal chapter 7 can be filed and finished in about three and a half months. Bankruptcy lawyers can help you get acquainted with each step of the bankruptcy case process.
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Will bankruptcy wipe out taxes from the IRS or the state of Maryland?
Oftentimes, taxes filed at least two years ago will be wiped out. Keep in mind that the tax year must be at least three years ago. For comprehensive legal guidance from a team of bankruptcy lawyers, contact Christman & Fascetta LLC today.
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What if my taxes are newer than two years?
Taxes newer than two years can be frozen through the Chapter 13 process. Our bankruptcy lawyers will assist you with Chapter 7 and Chapter 13 bankruptcy filings.
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Will I lose my house and car if I file for bankruptcy?
The vast majority of people that file for bankruptcy keep all their assets in the bankruptcy process.
Contact Christman & Fascetta LLC to learn how our expert legal team of bankruptcy lawyers can assist you.
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Will filing for bankruptcy hurt my financial situation?
According to NerdWallet, if your debts are more than 50% of your annual income and you see no way to pay them off within five years, bankruptcy is likely your best path toward living debt-free.
Usually, people who are considering contacting bankruptcy lawyers and filing for bankruptcy have many debt issues. If you find yourself in the same situation, it’s important to know that your credit score will improve, but you will not be able to file for Chapter 7 bankruptcy for eight years.
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