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Filing for Bankruptcy

Asked in Columbia, SC - 4 months

What all happens when you file for Bankruptcy? I feel that I am at my last straw and this is the only option I have left. Is it a good decision or not? I have tried looking up stuff about it but I don't think I am grasping the concept. Thank you.

Attorney Answers (3)

Michael J Corbin

Michael J Corbin

Faribault Bankruptcy Attorney

Answered 4 months ago. You've asked a very complicated question, beyond the scope of this forum. Generally, your assets and liabilities are disclosed to the court, and if you have any assets that are non-exempt, they are surrendered to your creditors. If there are no non-exempt assets, then you are only talking about the eliminate of liability for your debts (most of them). You need to schedule an initial consultation with a bankruptcy attorney in your area - they should not charge for that meeting.
We can be reached at 507.334.0155 (Toll Free: 888.777.5009). Our web address is: www. corbin-law-office.com.... more
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Russell A. Demott

Russell A. Demott

Summerville Bankruptcy Attorney

Licensed in SC

Answered 4 months ago. I've written an overview of bankruptcy which you can get by following the link below. You really need to schedule a consultation with a local bankruptcy attorney so he or she can go over your financial situation.
Bankruptcy Guide
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2 comments

Michael Avanesian

Michael Avanesian

Glendale Bankruptcy Attorney

Answered 4 months ago. It all really depends on your particular facts and circumstances, but I'll tell you this, for most people, it's a great idea. It just lifts a huge weight off of your shoulders.

I recommend you consult a local bankruptcy attorney to see what your options are. He'll be able to tell the the pros/cons.
The above is general legal and business analysis. It is not "legal advise" but analysis, and different lawyers may... more
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