Most frequent questions and answers
Bankruptcy is a legal process that a person or other entity can go through when they cannot repay the debts they owe to creditors. It is a court ordered protection which allows the filer to get relief from their debt and get a fresh start. Though bankruptcy can eliminate most kinds of debts such as credit card debt, medical bills, and unsecured loans, there are some types of debts including child support and spousal support obligations that cannot be wiped out in bankruptcy. Call us for more information so that we can talk with you about your specific situation confidentially.
The first step in getting ready to feel relief from your debt is to set up a confidential and free consultation with one of our attorneys. At that initial consultation, we will assess if bankruptcy is an option for your situation. We will walk you through each step in the process and make it as easy as possible for you. There are three types of Bankruptcy that Skrupa Law Office practices:
Most people who file for bankruptcy keep everything they have, their home, their car, their furniture, their jewelry. This is because the premise of Bankruptcy is to give you a fresh start. A person cannot come through a bankruptcy destitute and without any possessions. The process of filing for Bankruptcy includes certain “exemptions.” Exemptions let you keep assets that could be sold or liquidated for less than a specific dollar amount. While it is true that some people in rare cases might have to give up property, or might choose to give it up, Bankruptcy can be a valuable tool in helping you keep your property also.
When you file for Bankruptcy, you have at least three choices in how you deal with your car loan. You can surrender your car to the lender, you can reaffirm the debt (agree to keep up with the payments) or you can redeem it for its fair market current value.
Filing for Bankruptcy automatically puts a STOP to Nasty Creditor harassment, Collection Calls, Garnishments, Pending Court Dates, Foreclosures, Repossessions, Seizure of Property. It allows you to feel relief from stress by eliminating your bills and giving you a fresh start! Not only will our office make sure you get a halt to pending lawsuits immediately; we will also make sure your credit is wiped clean in a matter of months.
The only way to hit the reset button on your financial past is to file for Bankruptcy with Nebraska’s most reputable firm, to guarantee you aren’t left worse off than you were before. Otherwise, you could just continue to suffer and have cash ripped from your paycheck or bank unnecessarily.