How do I know that it’s the right time for me to file a bankruptcy?
When you’re no longer able to comfortably afford to make your monthly payments on your home, car, credit cards, etc.
What is the process for filing a bankruptcy?
While it is possible for you to file a bankruptcy by yourself, it is highly recommended that you contact an attorney to help you through the process.
What happens to my credit when I file a bankruptcy?
Your credit will be affected. But, the thing to consider is, what will happen to your credit if you don’t file bankruptcy? Chances are, if you don’t file, your credit will continue to deteriorate as you miss or make late payments. Plus, when you file a bankruptcy your credit score will actually start to improve as soon as you file.
Can a bankruptcy stop my mortgage company from auctioning my house?
The filing of a bankruptcy can’t stop the mortgage company from auctioning your house, but it can postpone the auction, which can allow you to make arrangements that will, ultimately, allow you to save your home.
Do I have to sell all my assets if I file a bankruptcy?
No, there are exemptions. You will be able to keep some equity in your home, your car, and some personal property.
If I am married and I file bankruptcy, does my spouse have to file as well?
No.
We are located at 347 Broad Cove Rd., Hopkinton, NH 03229 - Phone: 603-746-3386 - E-mail: trish@WRDuclos.com