Expertise.com

Best Bankruptcy Attorneys in Mobile

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Bankruptcy Attorneys FAQs

Learn more
Anders, Boyett, Brady & Smith Lawyers logo
Visit WebsiteWebsite

Anders, Boyett, Brady & Smith Lawyers

3800 Airport Blvd., Mobile, AL 36608
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Anders, Boyett, Brady & Smith Lawyers help clients suffering from financial difficulties and potential bankruptcy due to real estate concerns in Mobile. It represents residential and commercial clients in court litigations, presenting evidence that may help prevent foreclosure and minimize losses. It also advocates for creditors' rights on mortgage issues. In addition, the firm resolves title and probate concerns and offers business representation and estate planning. Since 1998, the firm has handled simple and complex cases of various firms, including the First American Title Insurance Company.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (11)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Benton & Lipscomb Law Firm logo
Visit WebsiteWebsite

Benton & Lipscomb Law Firm

814 N Greeno Rd, Fairhope, AL 36532
Visit WebsiteWebsite

Business Description

Benton & Lipscomb Law Firm provides legal counsel throughout the Mobile area. The firm's team of attorneys guides clients who are facing financial crises due to overwhelming debt. It assists them in saving their homes from foreclosure by filing chapter 13 bankruptcy. It also works on eliminating its clients' obligation to pay unsecured debts like medical bills, personal loans, and credit cards through chapter 7 bankruptcy. The firm has over 26 years of legal experience and has partnered with Quest International Services for the immigration needs of its clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.8 / 5 (53)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Brenda Drendel Hetrick PC logo
Visit WebsiteWebsite

Brenda Drendel Hetrick PC

605 Bel Air Blvd. #31, Mobile, AL 36606
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy

Business Description

Brenda Drendel Hetrick PC provides counsel and representation for people in Mobile. Firm namesake and attorney Brenda Hetrick helps consumers discharge debts through chapter 7 bankruptcy. She also counsels clients on family law matters, such as child custody, adoption, divorce, and child support termination. The expert also practices probate law, which covers guardianships, advanced healthcare directives, and wills. Hetrick is a former president of the Mobile Bar's Women Lawyers Section. She was part of the Salvation Army's women's board.

Charles H. Jones, Jr., Attorney logo
Visit WebsiteWebsite

Charles H. Jones, Jr., Attorney

454 Conti Street, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Charles H. Jones, Jr., Attorney is a law firm in Mobile that represents individuals, professionals, and small business owners throughout the local area. It provides clients with legal services and advice on a variety of bankruptcy-related issues, including chapters 7 and 13 bankruptcy. It also handles workers' compensation, criminal defense, and family law matters such as divorce, child support, and domestic violence. Charles H. Jones, Jr., the firm's founder, has been assisting clients with their legal needs since 1993.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
David Vaughn Lawyer logo
Visit WebsiteWebsite

David Vaughn Lawyer

29000 U.S. 98, Daphne, AL 36526
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

David Vaughn is a bankruptcy lawyer who works with clients in Mobile. Vaughn offers legal counsel and assistance to individuals and businesses struggling with debt in finding solutions to their financial challenges. He assists with Chapter 7 and Chapter 13 bankruptcy filings. His firm can represent clients and negotiate new payment arrangements with creditors when bankruptcy is not an option. David Vaughn has been a practicing attorney for almost four decades. He is a recipient of the American Jurisprudence Award.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (15)
Avvo
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Friedlander Law Firm logo
Visit WebsiteWebsite

Friedlander Law Firm

118 N. Royal St. Suite 605, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

The Friedlander Law Firm offers legal solutions for individuals and families facing bankruptcy in Mobile and the surrounding metros. Its lawyers create plans for a client's financial recovery and help file the necessary paperwork. The office is run by the father-and-son tandem of Donald and Jonathan Friedlander, who also take on criminal defense and family law cases. Both attorneys show strong value for community service by joining the US Army and serving the YMCA Board, respectively.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.9 / 5 (14)
Facebook
4.0 / 5 (4)
Yelp
5.0 / 5 (1)

(+2 additional sources)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Galloway, Wettermark, & Rutens, LLP logo
Visit WebsiteWebsite

Galloway, Wettermark, & Rutens, LLP

3263 Cottage Hill Rd., Mobile, AL 36606
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Golley, Wettermark, & Rutens, LLP, offers bankruptcy counsel and representation for debtors and creditors in Mobile and nearby areas. The attorneys at this firm focus on chapter 11 bankruptcy to assist struggling businesses in turning a profit and cutting their debts and operational costs through reorganization. In addition, they help uphold creditors' rights and receive possible returns while recovering debt from insolvent parties. One of the firm's attorneys, Robert M. Galloway, concentrates on bankruptcy cases involving tax problems.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (18)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
James D. Patterson Attorney at Law logo
Visit WebsiteWebsite

James D. Patterson Attorney at Law

2153 Airport Boulevard, Mobile, AL 36606
Visit WebsiteWebsite

Business Description

James D. Patterson, Attorney at Law, is a bankruptcy law firm that offers representation to clients living in Mobile. Primary James Patterson helps clients by determining the appropriate solution that can resolve their debt issues. He is adept at handling bankruptcy protection cases and guides clients through filing chapters 7 and 13 bankruptcy. He also represents individuals facing wrongful foreclosures, mortgage frauds, and credit disputes. Patterson has been a practicing bankruptcy attorney for nearly 20 years.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Loris Law Firm logo
Visit WebsiteWebsite

Loris Law Firm

1358 Dauphin Street, Mobile, AL 36604
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Located in Mobile, the Loris Law Firm has been offering its services to clients in the area since 1993. It assists and guides clients through the chapter 7 and chapter 13 bankruptcy process to ensure that all of their debts are settled. The firm has filed more than 10,000 bankruptcy cases in over 27 years of practice. Jamie Loris, a bankruptcy attorney at Loris Law Firm, previously served as the chairman of the bankruptcy section of the Mobile Bar Association.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
5.0 / 5 (12)
Facebook
5.0 / 5 (1)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Padgett & Robertson logo
Visit WebsiteWebsite

Padgett & Robertson

4317 Downtowner Loop North, Mobile, AL 36609
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Padget & Robertson has been offering legal representation in Mobile since 1978. The bankruptcy lawyers from the firm are capable of helping clients who wish to file for personal bankruptcy. Filing for personal bankruptcy can put prevent any severe situations brought about by failing to pay for debts. These situations include repossession of property, wage garnishments, and property foreclosures. The firm can help clients file for either a Chapter 7 or a Chapter 13 bankruptcy, depending on what fits their current financial situation.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Pierce Ledyard PC Attorneys at Law logo
Visit WebsiteWebsite

Pierce Ledyard PC Attorneys at Law

3801 Airport Blvd, Mobile, AL 36608
Visit WebsiteWebsite
  • Creditor Representation

Business Description

Pierce Ledyard PC Attorneys at Law is a legal firm based in Mobile. It focuses its practice on creditors’ rights in bankruptcy and foreclosure cases. Its lawyers also represent banks and mortgage banking institutions, as well as clients dealing with commercial transactions and organizational matters. The firm has counsel admitted to practice before the tax court. Co-founder Donald F. Pierce served as the president of ADLA and Defense Research Institute, an international organization of lawyers defending the interests of individuals and businesses through civil litigation.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (21)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Silver, Voit & Garrett Attorneys at Law, P.C. logo
Visit WebsiteWebsite

Silver, Voit & Garrett Attorneys at Law, P.C.

4317 Midmost Drive, Mobile, AL 36609
Visit WebsiteWebsite
  • Chapter 11 Bankruptcy

Business Description

Silver, Voit & Garrett Attorneys at Law, P.C., provides personalized legal solutions in Mobile. The firm advises entities with interests in financially troubled real estate, foreclosure, and anti-deficiency provisions. Additionally, it offers pre-bankruptcy planning for businesses, including the negotiation and drafting of out-of-court reorganization plans. The business also handles probate, real estate, and general practice concerns. Irving Silver, a senior member of Silver, Voit & Garrett Attorneys at Law, P.C., is a member of the National Academy of Elder Law Attorneys.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
––
Detail
––
Slover Law Firm, LLC logo
Visit WebsiteWebsite

Slover Law Firm, LLC

803 Government Street, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Slover Law Firm represents clients across the Mobile metro in legal matters. The firm's bankruptcy lawyer provides legal assistance to clients filing for chapter 7 and chapter 13. It likewise helps with other bankruptcy issues, like repossessions, foreclosures, garnishments, IRS levies, and debt collection. The firm also offers legal aid to victims of motorcycle and automobile accidents. Roland Slover, the firm's principal attorney, has more than 20 years of litigation experience and has tried cases in federal and state courts.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.5 / 5 (15)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Snow Law Firm P.C. logo
Visit WebsiteWebsite

Snow Law Firm P.C.

50 Saint Emanuel Street, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy

Business Description

Snow Law Firm P.C. is a bankruptcy law firm and debt relief agency serving Mobile. It helps individuals, married couples, farmers, and small businesses on debt settlement negotiations, property transfers, and retirement plan liquidations. The firm assists its clients in filing for chapters 7 and 13 plans. Bankruptcy attorney Hendrik Snow has been practicing law since 2004. He is a member of the Mobile and the American Bar Association. Snow also serves at the Alabama Coastal Heritage Trust's board.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Solon Law LLC logo
Visit WebsiteWebsite

Solon Law LLC

166 Government Street, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Solon Law LLC is a debt relief agency that serves clients in Mobile. The firm helps individuals and businesses in navigating the bankruptcy process. It handles chapter 7 bankruptcy, in which assets or possessions are sold to settle a debt. It also assists with chapter 13 bankruptcy filing to reorganize debts. Its principal bankruptcy lawyer, Brent T. Day, has been practicing since 2001. He also has experience in civil and criminal litigation, family law, estate planning, and municipal law.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (143)
Facebook
5.0 / 5 (23)
Avvo
4.3 / 5 (6)

(+1 additional source)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Stephen L. Klimjack LLC logo
Visit WebsiteWebsite

Stephen L. Klimjack LLC

1252 Dauphin Street, Mobile, AL 36604
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy

Business Description

Stephen L. Klimjack, LLC, is a bankruptcy attorney serving clients in Mobile. Klimjack assists clients in filing for bankruptcy and regaining control of their financial future. He assesses all factors involved, including debts and assets, and determines which bankruptcy is most appropriate for each case. He assists with chapter 7, chapter 11, and chapter 13 bankruptcy filings. Klimjack has assisted thousands of people in debt relief for over 20 years. The firm has six other locations in Alabama.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
3.8
Google
4.0 / 5 (84)
Avvo
1.0 / 5 (6)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Steven A. Murray, Attorney at Law logo
Visit WebsiteWebsite

Steven A. Murray, Attorney at Law

706 Government Street, Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Steven A. Murray, Attorney at Law, is a bankruptcy law firm that has been serving Mobile and the surrounding metro areas for more than 24 years. Its bankruptcy attorney offers clients a wide range of solutions, including debt relief through bankruptcy filings, getting rid of second mortgages, and removing judgment liens from their properties. Principal lawyer Steven Murray is dedicated to finding the right bankruptcy solution for every client's unique situation. Murray served in the United States Coast Guard Reserves and received an honorable discharge.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
4.8 / 5 (27)
Facebook
5.0 / 5 (1)
Justia
10.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
William C. Poole, LLC logo
Visit WebsiteWebsite

William C. Poole, LLC

917 Western America Drive, Mobile, AL 36609
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

William C. Poole, LLC is a bankruptcy law firm based in Mobile. The firm aims to protect the rights of its clients, especially when they are experiencing harassment in the form of collection letters and phone calls. As a debt relief agency, it assesses whether the client should file for chapter 7 or 13 bankruptcy. The firm helps also clients make informed decisions about their home or retirement investments. Its principal attorney, William Poole, has been practicing law since 1998.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
William Casey Law logo
Visit WebsiteWebsite

William Casey Law

3208 Cottage Hill Road, Mobile, AL 36606
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

William Casey Law serves clients in the Mobile metro in bankruptcy matters. Casey uses his ten years of legal experience to help clients navigate bankruptcy and determine which option is best for their situation. He assists clients in filing for chapter 7 or chapter 13 bankruptcy. He also advises clients on rebuilding credit following a bankruptcy discharge. He also practices domestic law, criminal law, and personal injury. Casey is a licensed attorney in Florida and Georgia.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.1 / 5 (77)
Facebook
5.0 / 5 (1)
Yelp
1.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Williams & Associates logo
Visit WebsiteWebsite

Williams & Associates

814 Saint Francis St., Mobile, AL 36602
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Williams & Associates is a general practice law firm catering to the needs of the Mobile community. It assists clients in filing chapter 7 or 13 bankruptcy petitions and designs legal strategies to manage their financial problems. Its legal team guides bankruptcy clients in every step of the process, from document preparation to creditors' meeting representation. Ronnie Williams established the firm in 1981. He is admitted to practice in the U.S. Court of Federal Claims and the Supreme Court.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

What does a bankruptcy attorney do?

Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.

What happens when you file bankruptcy?

Bankruptcy is a formal process that individuals, married couples, or businesses can enact when they are no longer able to pay creditors. In a bankruptcy proceeding, filers are allowed to reduce debt to more manageable levels to best pay off money owed.

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments. Many types of unsecured debt can be managed with bankruptcy filings, but not all.

Can you file bankruptcy on student loans?

Under most circumstances, student loans aren't dischargeable and aren't included in bankruptcy proceedings. In rare cases, it may be possible to eliminate student loans through bankruptcy, but only if the courts determine that continuing to pay the loans would impose an undue hardship. Meeting the criteria for undue hardship is challenging, and most bankruptcy filers don't qualify.

What is bankruptcy fraud?

Bankruptcy fraud is a blanket term that refers to any kind of dishonest bankruptcy proceeding, which can include:

  • Hiding assets by transferring them to another person or entity
  • Intentionally omitting assets when reporting to the court
  • Destroying or withholding required documents
  • Knowingly making false statements to bankruptcy trustees or creditors

How long is bankruptcy on public record?

How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.

Does bankruptcy clear tax debt?

Bankruptcy can clear tax debt, depending on the circumstances. Taxes are dischargeable under Chapter 7 bankruptcy, not Chapter 13, and only if the tax debt is:

  • Federal income tax debt related to current properly filed tax returns
  • Honestly incurred with no fraud or evasion
  • At least three years old
  • Assessed at least 240 days before bankruptcy filings

Existing liens are not eliminated with bankruptcy.


Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

How bad is it to file bankruptcy twice?

Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.

Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How will bankruptcy affect my credit score?

Bankruptcies are noted on credit reports. How much a bankruptcy might drop a person's credit score depends on how high the score was to begin with, but generally speaking, the hit can be as much as 100 to 200 points. Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date. This is because Chapter 13 bankruptcies require at least partial payment of debts owed.

What are the benefits of filing for bankruptcy?

Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don't have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.

What's the difference between debt settlement and bankruptcy?

Debt settlement occurs when people negotiate with individual creditors. The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.” Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed. Typically, someone can't enter into bankruptcy and also settle some debts, because the court would see that as favoring one creditor over another.

Read all FAQs