Bankruptcy FAQS

Guiding You Through the Bankruptcy Process – get answers from a Professional

When faced with the burden of heavy debts, lawsuits, repossession and foreclosures, you often feel an overwhelming amount stress and feelings of helplessness.  Working with an local, licensed attorney is essential in gathering the necessary information to make an informed decision.   At Sypher Law we work with people everyday facing this kind of stress.  Fortunately, you may be able to get out from under your burden of debt through bankruptcy.

At Sypher Law we guide people through the bankruptcy process so they can make a new financial start.

Some of the more common questions people have about bankruptcy are answered below.  You probably have additional questions, which we can answer in a free initial consultation.

Will I lose my house and car?

In most cases, no.  Sypher Law has helped many people avoid foreclosure and repossession.  In your case, we will work to help you retain your house, vehicles and personal property while obtaining debt relief.

Will I ever be able to buy a house after filing for bankruptcy?

Yes. In a few short years you can rebuild your credit to the point where you can get a mortgage or buy a vehicle on credit. There is life after bankruptcy.

Should I keep paying my bills even if I plan to file for bankruptcy?

It depends. You don’t have to pay those debts that will be discharged during the bankruptcy process — such as credit card debts and other unsecured debts.  You should keep paying your mortgage or car payments, if you want to keep your house and car, but if you are behind on those payments, we can advise you how to keep them without having to get caught up.  We can advise you about which bills you should pay and which ones you don’t have to pay.

Will I have to go to court?

You will not have to go to court, but you will have to appear one time before a trustee (not a judge) in a conference room setting. These hearings are business-like, but relaxed and low pressure.   We will represent you in this hearing and handle all other necessary tasks in your bankruptcy.  We will prepare you ahead of time so you know what to expect.

Will notice of my bankruptcy filing be published in my local newspaper?

It depends if your paper publishes that kind of information.  Bankruptcy filings are public information, so there is nothing stopping a newspaper from publishing the notice.  There is no legal requirement that it be published.

Will my employer find out about my bankruptcy?

Only if you owe money to your employer, you tell them or your employer reads about it in your local newspaper.

What should I tell my creditors when they call?

After you retain Sypher Law to represent you in a bankruptcy case, you can refer all of your creditor’s calls to us.  Once your case is actually filed, all collection activity must stop – including phone calls.

Who will I work with when I hire Sypher Law, L.L.C.?

You will work directly with the firm’s founder and owner Sarah A. Sypher, throughout the entire process.  We also have a dedicated staff of professionals trained to work with you through this process.  Our firm is committed to providing personalized and responsive client service.  We want to help you overcome your financial difficulties and make a new beginning.

How much will it cost to file for bankruptcy?

Our fees are very reasonable and comparable to other experienced bankruptcy attorneys in the area.  While your case may be different the general fee guidelines in our office are as follows:

Basic Chapter 7 – $250 retainer, balance due prior to filing.  Generally, $1500 attorney fees for a basic case for an individual or $1750 for a married couple.  The fees can decrease or increase depending on the complexity of your case.

Basic Chapter 13 – we can often file a Chapter 13 with no fees due upfront and the balance is paid through your Chapter 13 plan payments, if you agree to a wage withholding order.  Generally the fees are $3500 in attorney fees.  The fees can decrease or increase depending on the complexity of your case.  We may require some of the fees upfront, depending on the complexity of your case.

We base our fees on the amount of work required in your case.  You will receive a written fee agreement in your free initial consultation.  We work on a “flat-fee” basis which means you will know exactly how much your case will cost before you hire us.

We are a debt relief agency. We proudly help people file for bankruptcy relief under the Bankruptcy Code.