Frequently Asked Questions
Searching for an attorney for bankruptcy in Oakland?
Many people who are facing bankruptcy often feel frustrated and overwhelmed
by their situations. At Kostopoulos Law Group - The Bankruptcy Law Firm,
we understand that you may be seeking answers for some of your burning
bankruptcy questions and we stand ready to ensure that your rights are
protected and that you receive the answers you need. When you work with
our team, you can rely on our years of experience and quality legal counsel
to provide you with a favorable outcome. Below, you can find answers to
some of the most commonly asked bankruptcy questions. If you need additional
information, do not hesitate to work with an Oakland bankruptcy lawyer
from our team as soon as possible.
Who can file for bankruptcy?
Under the United States Bankruptcy Code, almost anyone can file for bankruptcy.
There are a few exceptions, and your specific case may limit you to a
specific chapter you can file under, which is why it is important you
speak with an attorney.
Does my spouse have to file with me?
No. If you and your spouse wish to file for bankruptcy separately, you
may; however, there are some situations for which joint filing may yield
better results than single-filing status. You and your attorney can discuss
Will I lose my home or car?
Not necessarily, and in fact, bankruptcy may be able to save your home from
Chapter 13 bankruptcy may provide a bit more protection from foreclosure than other
options, but under some
Chapter 7 circumstances, you can save your home or car as well.
Can bankruptcy stop creditor harassment?
Yes! If you are constantly being pestered by creditors and collectors
looking to obtain money from you, filing for bankruptcy can stop them.
When you file, an automatic stay will be placed on your accounts, which
means that all collection attempts will be forced to cease.
What will happen to my credit?
Depending on the chapter that you file under, your credit score will reflect
the bankruptcy for a few years. After you file though, you can begin to
rebuild your credit almost immediately. An attorney from our team can
help you understand your specific credit situation.
Should I work with a credit repair company?
It is recommended that you first speak with an attorney about your financial
woes before working with a credit repair company. Credit repair companies
are notorious for being fraudulent, and scams abound in this industry.
Bankruptcy may be a better option for you.
How do I know which chapter to file under?
Consumers have a few different options when it comes to filing for bankruptcy.
When you work with our firm, we will help you determine your eligibility
to file for Chapter 7, Chapter 13, or Chapter 11 bankruptcy using a bankruptcy
What debts will be discharged?
Debts can be discharged when you file for bankruptcy, and depending on
the chapter you filed under, you debts will either be automatically discharged
or discharged later down the road. Non-secured debts such as credit card
debt, medical debt, and certain types of loans may be discharged.
What cannot be discharged by bankruptcy?
A few types of debts cannot be discharged by filing for bankruptcy. These
are called secured debts and include court-ordered restitution, child
or spousal support, student loans, and federal loans.
How do I know if bankruptcy is right for me?
If you are burdened by debt that is quickly adding up, bankruptcy may
be a good option for you. Most individuals who file are no longer able
to make even minimal payments against their debt and are in desperate
need of assistance. An attorney from our team can help determine if you
Work With an Experienced Bankruptcy Lawyer in Oakland
Searching for an attorney to handle your bankruptcy case in Oakland? You
should never try to face the bankruptcy courts alone. The federal and
state laws regarding bankruptcy can be confusing, and it is always important
that you first speak with an attorney about your situation. At our Bay
Area firm, we can address your situation and work with you to develop
a personalized strategy to help you meet your financial goals. If you
are ready to move forward with your case, we encourage you to contact
our team and
tell us your story. We may be able to help!