Nothing but your debt if you hire a good lawyer. The object is to get rid of debt, and keep your house, vehicles, pension, I-R-A, 401K, tax refund, furnishings and life insurance. Geraci Law, we pay attention! You have nothing to lose but the blues!
The purpose of filing Chapter 7 or 13 is to prevent what happens if you don’t. Filing a bankruptcy protects you from any creditor action without bankruptcy court permission. Garnishments stop, and sometimes we can get your money back. Foreclosure stops. License suspension stoops. Rules to show cause and body attachments stop. Liens and judgments are put on hold.
No one comes to your house and takes anything. You keep your house, car, and clothing and furniture. No one does a bankruptcy to lose anything but their bills. If you have too much money in the bank, your property is worth too much, or you have too much disposable income, we may advise you to pay your bills in installments under Chapter 13 in order to avoid losing anything.
You should have your list of assets ready for your Geraci Law lawyer to analyze. We can tell you in advance if you would lose anything, or have too many assets to do a Chapter 7, or how to protect assets in a Chapter 13. We run our own computer program to determine that.
Don’t hide stuff, like a classic car, artwork, or an interest in property or inheritance. Tell us, and we’ll tell you how to protect it.
