Bankruptcy is a legal process that allows individuals or businesses to either reorganize or eliminate their debts under the supervision of a court.

Eligibility for bankruptcy is based on several factors, such as income, assets, and debt levels.

It’s strongly recommended to consult with an experienced bankruptcy attorney. Bankruptcy laws are complex and have undergone numerous changes. At Reynolds & Werman, our team has over 40 years of combined experience in bankruptcy law. Call us today for a free consultation.

In most situations, yes. Whether you can keep your car or home depends on the type of bankruptcy you file and which assets are considered exempt from the court.

Yes, filing for bankruptcy will have an initial negative effect on your credit score. However, over time, these effects lessen, and many people can significantly improve their credit.

The timeline for bankruptcy varies based on the complexity of your case and other factors. Most Chapter 7 bankruptcies take around 5 months, while Chapter 13 bankruptcies typically last 3 to 5 years.

The cost of hiring a bankruptcy attorney depends on the complexity of your case. During your free consultation at Reynolds & Werman, we will review your situation and discuss potential costs.