Name is Robert Geller. I am a consumer bankruptcy attorney in the Tampa Bay area. And today I want to talk to you about the 10 minutes of filing bankruptcy. First, the bankruptcy laws have changed and you can no longer file bankruptcy. Well, that’s not true. The bankruptcy laws were changed about 10 years ago, and it did require certain things to file bankruptcy. But with the right guidance by your bankruptcy attorney, you’re certainly can file bankruptcy. And I have filed thousands of bankruptcy. Since the bankruptcy laws have changed. Second, you will lose all of your assets. If you file bankruptcy again, this is not true. The majority of my clients don’t lose any of their assets. In fact, when a client has assets that exceed what they’re normally allowed to keep the majority of the time, we are able to work out, keeping those assets with the trustee.
Third, you have to not have a job to file bankruptcy again, not true. Most of my clients have a job when they file bankruptcy fourth, you have to go to a complete credit counseling program before you file bankruptcy, and you have to pay back some of your debt through a credit counseling program before you file bankruptcy. This is also not true. Although the bankruptcy law does require a brief credit counseling class. It takes about an hour and a half. There’s no requirement for a longterm credit counseling program. And in fact, most of the credit credit counseling companies out there are funded by the credit company, intro interests like the major credit card companies fift you can’t file bankruptcy more than once. That’s also not true. I have been handling bankruptcies for over 26 years and I have filed for bankruptcy, bankruptcy for clients more than twice.
And in fact, a few clients three times six bankruptcy will ruin your credit. That is also not true. We have been filing bankruptcies again for many, many years for our clients. And we have seen our clients rebuild their credit. In fact, in most cases, clients can get back to a seven 20 credit score within 24 months after filing bankruptcy, our law firm offers a program to assist you with rebuilding your credit. That’s called 27 20 credit score, and it will teach you in a period of three months, how to get back to a seven 20 credit score. Seventh. If you make good money, you can file bankruptcy. That’s also not true. Um, yes, your income will determine whether you can file a chapter seven, but if you make more income that allows you to file a chapter seven, you still can file a chapter 13 bankruptcy, a you can file bankruptcy yourself while that’s partially true.
Consider these things. Your bankruptcy petition is about 60 pages. You have to go to court 30 days after you file. You have to testify under oath. The United States department of justice reviews, your bankruptcy petition. So yes, you can file your bankruptcy by yourself. But I don’t know that I would want to do that. That is up to you to make that decision knife chapter seven and chapter 13, bankruptcy. These are the same. That’s also not true. A chapter seven will get you a bankruptcy discharge in a period of three months. Chapter seven is great. It depending on what your income is, but on the other hand, a chapter 13 bankruptcy will allow you to catch up on your mortgage payments over a period of three to five years. And they chapter seven will not allow you to catch up on your mortgage payment over a period of three months.
So there are advantages to chapter seven. There are advantages to chapter 13 and finally, number Ted. If you have a car loan or a mortgage, you will lose your car. You will lose your house. If you file bankruptcy, that’s really very far from the truth. In fact, as long as you pay your car loan, or as long as you pay your mortgage, you’ll be able to keep your home your car. Thank you again, my name is Robert Geller and I want to help you build a bridge to a brighter future. And if you need more information about bankruptcy, click on the link and we’ll be glad to get you more information. Thank you.