FAQs

Christman & Fascetta LLC

  • Does bankruptcy stop foreclosure?

    In most situations, filing for bankruptcy will halt foreclosure proceedings on your home. If you need legal guidance, contact us today to speak with one of our bankruptcy attorneys.

  • Does bankruptcy stop the repossession of your automobile?

    Filing for bankruptcy will typically prevent the repossession of your vehicle in most circumstances. When you need thorough bankruptcy consultation and representation, reach out to our experienced team of bankruptcy attorneys at Christman & Fascetta LLC.

  • Will bankruptcy stop wage garnishment?

    Halting wage garnishment is one of the benefits of filing for bankruptcy. For legal support with bankruptcy matters, contact us to discover how our bankruptcy attorneys at Christman & Fascetta LLC can assist you.

  • Can I keep my home if I file for bankruptcy?

    In most situations, you won't lose your home as long as you maintain your payments. Consulting with bankruptcy attorneys can help ensure you understand the protection of your assets.

  • What gets forgiven in bankruptcy?

    Bankruptcy attorneys can assist in resolving certain outstanding debts. The following types of debt may be discharged in bankruptcy:

    Personal loan
    Credit card
    Medical bills
    Payday loan
    Evictions
    Utility bills
    Toll fees

  • How long does bankruptcy normally take?

    A typical Chapter 7 bankruptcy can be filed and completed in approximately three and a half months. Bankruptcy attorneys can guide you through each phase of the bankruptcy process.

  • Will bankruptcy wipe out taxes from the IRS or the state of Maryland?

    In many cases, taxes filed at least two years ago can be discharged. It's important to note that the tax year must be at least three years old. For complete legal advice from a team of bankruptcy attorneys, contact Christman & Fascetta today.

  • What if my taxes are newer than two years?

    Taxes less than two years old can be addressed through the Chapter 13 process. Our bankruptcy attorneys will help you with both Chapter 7 and Chapter 13 bankruptcy filings.

  • Will I lose my house and car if I file for bankruptcy?

    The majority of individuals who file for bankruptcy retain all their assets throughout the bankruptcy process. Contact Christman & Fascetta to learn how our skilled legal team of bankruptcy attorneys can help you.

  • Will filing for bankruptcy hurt my financial situation?

    According to NerdWallet, if your debts exceed 50% of your annual income and there's no feasible way to pay them off within five years, bankruptcy is likely your most effective route to becoming debt-free.

    Typically, individuals considering consulting bankruptcy attorneys and filing for bankruptcy face significant debt challenges. If you're in a similar position, it's essential to understand that while your credit score will recover, you won't be eligible to file for Chapter 7 bankruptcy again for eight years.