Filing Bankruptcy 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: What Is The First Step In Filing For Bankruptcy?
  A: After you have decided to file for bankruptcy, the first step is to file a petition with the Bankruptcy Court.  On the petition, all your of your debts and … 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: Is There A Limit On The Number Of Times That I Can File For Bankruptcy?
  A: The time periods between bankruptcies depends on the type of the previous filing and the type of new filing.  If your new filing is a Chapter 7, you must wait … 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: If I File For Bankruptcy – Will My Spouse Need To Also?
  A: No.  In cases where both spouses have a lot of debt, a joint petition for a bankruptcy may be filed.  Only married individuals may file a joint … 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: Where Do I Get A Copy Of My States Local Rules?
  A: Copies can be obtained at the public service counters in the Clerk`s office of the Bankruptcy Court. In addition, many Bankruptcy Courts now have their rules online.
• 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: Where Do I File My Bankruptcy Case?
  A: The bankruptcy court is a federal court. The federal court system is divided into judicial districts. Every state has at least one judicial district. Your local … More