Bankruptcy Law FAQs

• Q: What should be included in a letter of explanation of bankruptcy?
  A:  If you apply for credit or a loan following a bankruptcy discharge, the lender may request that you provide a letter of explanation of bankruptcy, which is … More
• Q: How do I make a motion for judgment to be marked as satisfied in bankruptcy court?
  A: The only way to remove a judgment against you in court records is to either pay off, or satisfy, the judgment, or to have the judgment discharged through bankruptcy … More
• Q: How do I report bankruptcy fraud?
  A: In order to make a report of suspected bankruptcy fraud, you should contact the U.S. Department of Justice (DOJ) by mail or e-mail.  Your report should include … More
• Q: What is a bankruptcy motion for reconsideration and how do I write one?
  A: A motion for reconsideration asks the bankruptcy court to reinstate a bankruptcy case thathas been dismissed for one reason or another.  In your motion, you … More
• Q: What is bankruptcy job discrimination?
  A: The U.S. Bankruptcy Code does make it illegal for an employer to discriminate on the basis of an employee’s bankruptcy.  For example, an employer may not … More
• Q: How soon after bankruptcy can I purchase a home?
  A:  A bankruptcy discharge remains on your credit report for seven to ten years, which can negatively impactyour ability to obtain the credit necessary to finance … More
• Q: Can you declare bankruptcy on a Small Business Administration (SBA) loan?
  A: While the common perception is that you cannot discharge government loans in bankruptcy, in reality, many such loans can be discharged in bankruptcy.  The Small … More
• Q: Can a creditor object to bankruptcy discharge?
  A: In a Chapter 7 bankruptcy case, you are not automatically entitled to a complete discharge of your debts.  Rather, your creditors can object to the discharge of … More
• Q: What happens if my car is totaled while I'm in the midst of bankruptcy?
  A: If you have a car accident while inbankruptcy proceedings, there are a number of possible effects on your bankruptcy proceedings. First¸ depending on … More