Stroudsburg Bankruptcy Lawyer

In most situations you will not lose your home, car or other personal belongings in bankruptcy, provided that your property is fully exempt. If your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in a chapter 13. However, if your creditors have a security interest in your home or car you are still required to make payments on that debt if you wish to retain the property.

What Information Should I Bring With Me to the Initial Consultation? 

You should bring your recent paystubs or other proof of income, tax returns for the last two years, bank statements, mortgage statements, vehicle loan statements, credit card statements, utility bills, and any lawsuits filed against you or by you. You should also compile a list of your monthly expenses.

How Long Will Bankruptcy Stay on My Credit Report?

Bankruptcy can stay on your credit report for ten years from the date your case was filed. However, because bankruptcy wipes out your old debts, you are often in a better position to pay your current bills and will likely be able to get new credit after your discharge.