Bankruptcy Questions to Ask Before Filing

At Liviakis Law Firm, we understand that filing for bankruptcy is a big decision. Therefore, we have compiled a list of the top 25 questions that you should consider before taking this step:

• Am I considering bankruptcy as my last resort?
• Have I tried negotiating with my creditors?
• What different types of bankruptcy can I consider?
• How long does the bankruptcy process take?
• How will bankruptcy affect my credit score?
• Can I keep my home after filing for bankruptcy?
• What is the cost to file for bankruptcy?
• Will all of my debts get wiped out if I file for bankruptcy?
• What is the role of a bankruptcy trustee?
• Am I eligible to file for bankruptcy?
• Do I need a lawyer to file for bankruptcy?
• Will bankruptcy stop creditors from harassing me?
• Will I have to appear in court?
• What is bankruptcy counseling and do I have to take it?
• Is my employment or employment prospects at risk if I file?
• How long will bankruptcy stay on my credit report?
• What is the role of a discharge in bankruptcy?
• Will filing for bankruptcy affect my spouse?
• Can I discharge my tax debts?
• How often can I file for bankruptcy?
• Can student loans be discharged?
• What is the difference between secured and unsecured debt?
• Which assets are exempt from liquidation in bankruptcy?
• Are retirement accounts protected in bankruptcy?
• What happens to my credit card debt if I file for bankruptcy?

These questions are crucial to understand and consider before you decide to file for bankruptcy. At Liviakis Law Firm, we are here to guide you through this complex process. Contact a Sacramento Bankruptcy Attorney if you need assistance or more information.