image image image image image iamge image

BANKRUPTCY & DEBT RELIEF
Phillip K. Wallace
Attorney at Law
4040 W Florida St
Mandeville, LA 70448
Phone (985) 624-2824
E-mail:
Pkwallace@aol.com
FREQUENTLY ASKED QUESTIONS

What are the effects of the recent changes in the bankruptcy laws on bankruptcy filing?

What is a Chapter 7 bankruptcy?

Who is permitted to file a Chapter 7 case?

What types of debts are dischargeable in a Chapter 7 case?

What types of debts are not dischargeable in a Chapter 7 case?

Will a person lose property in a Chapter 7 case?

Are there any requirements to be met before a Chapter 7 case can be filed?

May a husband and wife file a Chapter 7 case jointly?

Under what circumstances should a joint Chapter 7 case be filed?

How does the filing of a Chapter 7 case by a person affect collection and other legal proceedings that have been filed against that person in other Courts?


How does a Chapter 7 case affect a person's credit rating?


Are the names of persons who file bankruptcy cases made public?


Are debtors’ employers notified of bankruptcy cases?

Does a person lose any legal or civil rights by filing a bankruptcy case?

May employers or government agencies discriminate against persons who file for Bankruptcy?

What is exempt property?

What should a person do if a creditor later attempts to collect a debt that was discharged in their bankruptcy case?

How does a Chapter 7 discharge affect the liability of cosigners and guarantors who may be liable to a creditor on a discharged debt?

How often can a person file a Chapter 7 case?

What is the role of the attorney for the person filing a bankruptcy case?

What is a Chapter 13 bankruptcy case?

How does the filing of a Chapter 13 case affect collection proceedings and foreclosure proceedings?

How does a Chapter 13 case differ from a Chapter 7 case?

When is a Chapter 13 case preferable to a Chapter 7 case?

How does a Chapter 13 case differ from a private debt consolidation service?

What is a bankruptcy discharge?

What is a bankruptcy Plan?

What is a bankruptcy Trustee?

What debts may be paid under a Bankruptcy Plan?

Must all debts be paid in full under a Bankruptcy Plan?

When must the debtor begin making payments to a Chapter 13 trustee and how are payments made?

How long does a bankruptcy plan last?

Is it necessary for all creditors to approve a Bankruptcy Plan?

How are cosigned or guaranteed debts affected in Chapter 13 cases?

Who is eligible to file a Chapter 13 case?

May a husband and wife file a joint Chapter 13 case?

When should a husband and wife file a joint Chapter 13 case?

How does filing a Chapter 13 case affect a person's credit rating?

Is a debtor's employer notified when he or she files a Chapter 13 case?

How often does the debtor have to appear in court in a Chapter 13 case?

What occurs if the Court does not approve a Chapter 13 plan?

What happens if a person is temporarily unable to make the Chapter 13 Plan payments?

What about new debts or needs credit during a Chapter 13 case?

What if a person decides to discontinue a Chapter 13 case?

What happens if a person is unable to complete the Chapter 13 payments?

What about a Chapter 11 reorganization bankruptcy and how does it apply to individuals or businesses?