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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 your options.

Will I lose my home or car?
Not necessarily, and in fact, bankruptcy may be able to save your home from foreclosure. 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 means test.

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 are eligible.

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!

Client Experiences

  • “They stopped my garnishment right away!”

    Tamara F.

  • “I really liked being able to talk one-on-one with the attorneys.”

    Sandra P.

  • “Everyone was polite, respectful & positive!”

    Rhonda W.

  • “They were very helpful and knowledgeable!”

    Jennifer P.

  • “You are a fantastic firm!”

    Barbara W.

  • American Board of Certification
  • Excellent Rating on Avvo
  • National Association of Consumer Bankruptcy Attorneys
  • Consumer Bar Association
  • American Bankruptcy Institute
  • Oakland County Bar Association
  • Real Estate Broker's Licence

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