Frequently Asked Questions

Get answers to common questions here!

Frequently Asked Questions About Bankruptcy

At Pinkston & Pinkston, P.A., we put a priority on being available when our clients have questions or want to discuss their case. However, we understand that there may be times when you have more general questions about bankruptcy. To that end, we have provided the answers to some frequently asked questions about Chapter 7 and Chapter 13. We hope you find them helpful.

What do I need to do to begin the bankruptcy process?

Your first step is to contact the Law Firm of Pinkston and Pinkston and inquire as to whether bankrupty may be an option for you. If so, begin to inventory your past and present debts. You will also need a list of your assets to include in your petition in the bankruptcy filing. Schedules of assets and liabilities, along with a statement of your financial affairs, comprise the petition you will file with the bankruptcy court, accompanied by your filing fee. Pinkston and Pinkston will pull all necessary credit reports for you on your behalf.

Back to top

Will filing for bankruptcy end those calls from creditors and collection agencies?

Once your Bankruptcy case is filed, the Bankruptcy Code dictates that most of your creditors must stop all collection efforts against you. Once the bankruptcy petition receives the “Relief Ordered” stamp on the filing, you are protected. If a creditor still tries to collect directly from you after that point, you should immediately notify Pinkston and Pinkston and we will then take the appropriate actions with that creditor in writing that you have filed for bankruptcy and provide it with either the case name, number and filing date, or a copy of the filed petition. If it’s a dischargeable creditor and they still continue to attempt to collect, you may be entitled to take legal action against them.

Back to top

How long does a bankruptcy stay on my record?

Bankruptcies may remain on credit reports between seven and ten years but there is no hard and fast rule written in stone. Deciding to declare bankruptcy is a serious decision. That is why it is important to consult an experienced bankruptcy attorney such as Pinkston and Pinkston so you fully understand all bankruptcy options and their consequences.

Back to top

How many times can I file for bankruptcy?

An individual cannot file for Chapter 7 bankruptcy if he/she has filed for Chapter 7 bankruptcy within the previous eight years. An individual cannot file for Chapter 13 bankruptcy if he/she has been granted Chapter 7, 11 or 12 discharge within the past four years or Chapter 13 discharge within the previous two years.

Back to top

How can I file for bankruptcy?

We highly recommend you hire an attorney to file the required petitions and all required paperwork. The success rate with a qualified attorney far surpasses those who try to go it on their own not to mention the stress and time saved by having seasoned professional David J. Pinkston handle the stress of your case for you in a very financially responsible manner.

Back to top

Must I still pay my bills after I file for bankruptcy?

Yes. You must continue to pay your monthly bills, including rent, electric and other utility bills, house and car insurance, and other regular bills.

Back to top

Let Pinkston & Pinkston, P.A. help you open a new financial chapter like we have for over 25 years now.

A solution to your financial issues may be closer than you think. The seasoned Chapter 7 and Chapter 13 attorneys at Pinkston & Pinkston, P.A. in Jacksonville can help determine if bankruptcy is the right option for you or your business. Call us at (904) 389-5880 or contact us online to schedule your free consultation today.

Foreclosure Attorneys In Florida


 

Foreclosure is a trending topic with today’s economy, and it is important to stay knowledgeable on all of the basic facts. Here at Pinkston and Pinkston we think it is important to help answer questions when it comes to foreclosure. Call us today to schedule an appointment so that we may help you through this difficult process.

Here are some frequently asked questions about foreclosures:

Q: What is foreclosure law?

A: Foreclosure law governs the process of a bank or financial institution foreclosing on a home or insisting that the occupant vacate the premises. Typically, the home will be then sold to regain monetary interest in the home.

Q: Is there any way to stop a foreclosure on my home?

A: Sometimes your bank will give you a short time span to pay the amount of money you are in arrears and stop the foreclosure of your home. This is not always possible to do. If you are unable to do so, or the bank is unwilling to work with you, which is more often the case, filing for bankruptcy can help you through the process of keeping your home.

Q: What should you do if you know you are going to miss a house payment?

A: Call Pinkston and Pinkston as soon as you know you are going to be unable to make the payment.

Q: Do I need to hire a foreclosure attorney?

A: It is recommended that you hire a bankruptcy attorney. They will be knowledgeable on the subject and help you in a financially responsible way to fight to save your home and more often than not MUCH less expensive than hiring someone in the foreclosure defense field potentially saving you thousands of dollars that could be reinvested into saving your home.

Let Pinkston & Pinkston, P.A. help you open a new financial chapter like we have for over 25 years now.

A solution to your financial issues may be closer than you think. The seasoned Chapter 7 and Chapter 13 attorneys at Pinkston & Pinkston, P.A. in Jacksonville can help determine if bankruptcy is the right option for you or your business. Call us at (904) 389-5880 or contact us online to schedule your free consultation today.

Debt Relief Attorneys in Florida

Despite how bad your credit score is, it can always be improved. Many Americans have bad credit fromChapter 13 or Chapter 7 bankruptcy but don’t know what exactly they can do to improve it. Improving your score simply requires some self-discipline and patience.

To rebuild your credit, you must take care of your ordinary monthly bills as they become due. This may save yourself thousands of dollars down the road in interest rates alone. After that, if you feel you must, start using a secured credit card with a low limit that you pay for in advance.

Let Pinkston & Pinkston, P.A. help you open a new financial chapter like we have done for over 25 years now.

A solution to your financial issues may be closer than you think. The seasoned Chapter 7 and Chapter 13 attorneys at Pinkston & Pinkston, P.A. in Jacksonville can help determine if bankruptcy is the right option for you or your business. Call us at (904) 389-5880 or contact us online to schedule your free consultation today.

Call US Today!

(904) 389-5880

Get Started Now!

Scan our QR code with your mobile device and take us with you on the go!

qrcode