Bankruptcy Questions & Answers

Got questions about bankruptcy? Find answers here.

Most Popular Questions

Read answers to our most popular questions about bankruptcy.

Can I file for bankruptcy if I am unemployed?
You don't have to be employed to file for bankruptcy. But being unemployed can affect the success of your bankruptcy if you file for Chapter 13.
Will I lose my home if I file for Chapter 7 bankruptcy?
In many cases you can keep your home in Chapter 7 bankruptcy. Learn more here.
Will bankruptcy stop the IRS from collecting tax debts?
Find out what happens to IRS collection of tax debts when you file for Chapter 7 or Chapter 13 bankruptcy.
Which business debts are discharged in Chapter 7 bankruptcy?
Find out whether Chapter 7 personal bankruptcy will wipe out your business debt.
Can my lender repossess my car during Chapter 7 bankruptcy?
If your car loan lender gets court permission, it can repossess your car during Chapter 7 bankruptcy. But you have options to avoid this.
Will bankruptcy affect my job or future employment?
In most situations bankruptcy won't affect your current employment. However, it might come into play if you are applying for a non-government job.
When can I get a mortgage after bankruptcy?
Learn how long it takes to get an FHA, VA, USDA, or conventional mortgage loan after Chapter 7 or Chapter 13 bankruptcy.
Will bankruptcy get rid of lawsuit judgments?
Find out if you can wipe out a lawsuit judgment in bankruptcy and what happens if the creditor has a lien against some of your property.
When can you file for bankruptcy again?
If you file bankruptcy too soon after you have received a previous bankruptcy discharge, you cannot receive another discharge.
Can I stop paying my mortgage while I'm in Chapter 13 bankruptcy?
If you want to keep your home, you must continue to pay your mortgage while in Chapter 13 bankruptcy.

Bankruptcy Basics Go In-Depth

Here are the most common questions and basic answers about bankruptcy.

Should You File for Bankruptcy? Go In-Depth

If you're considering bankruptcy, make sure you understand what it can do, and what the pitfalls might be.

Chapter 7 Bankruptcy Go In-Depth

Chapter 7 is the most common type of bankruptcy used in the U.S. Here are the basics.

Chapter 13 Bankruptcy Go In-Depth

Chapter 13 bankruptcy can help homeowners and people with good income get out from under debt.