Robert A. Siegel with ZSTS

In accordance with federal law, neither the government nor private businesses may treat you differently if you have filed for bankruptcy or were insolvent before doing so.

Lenders of student loans are forbidden by federal law from treating you unfairly if you declare bankruptcy.

Once you've been discharged, you should be allowed to finance a car. Depending on the lender, you could be able to purchase a car nearly quickly after filing your case.

After two or three years, your credit score should have increased sufficiently so that the bankruptcy and your previous credit history won't have a negative impact on your ability to purchase a home using FHA financing.

In virtually all circumstances, if your case is well-prepared and you keep up with your car and mortgage payments, you won't lose your home or vehicle. Before the case is filed, we will be able to inform you of the likelihood of losing your house or vehicle.

Most of the time, declaring bankruptcy will raise your credit score as creditors are forced to stop showing your account as delinquent after you file.

In Chapter 7 bankruptcy, it's hard to say if you will lose your property, without knowing all the facts. If you don't have much equity and your mortgage is current, it's highly probable that you won't lose your property. But it's possible. There are many elements that will determine whether you lose your house after filing for Chapter 7 bankruptcy. Schedule a free consult with my office and we can go over the factors.

You can have your past-due Condo Association dues discharged in bankruptcy, but you have to still pay for current dues and fees that have been accumulated since you filed for bankruptcy. The ability to discharge condo fees through bankruptcy can be very confusing to consumers and even attorneys unfamiliar with this issue. Contact our office for a free consultation and we'll go over your options.