ANSWER TO QUESTIONS ABOUT BANKRUPTCY IN RHODE ISLAND & MASSACHUSETTS
So that we may better assist you, please click on and then print the Client Questionnaire below. Please fill out the form as completely as possible and bring it with you to your next meeting with Attorney Simonian.
Please do not be concerned if you are unable to finish the entire questionnaire or are unsure about filling out any part of it. Complete what you can and you and Attorney Simonian can work on the rest when you meet.
DO YOU ACCEPT LEGAL INSURANCE PLANS?
YES. We accept: ARAG, MetLaw, CLC, Countrywide Prepaid Legal, and American Legal Services.
WILL EVERYONE FIND OUT ABOUT MY FILING?
Not unless you tell them, or they go out of their way to check the public records. Bankruptcy filings are usually not published in newspapers; therefore the only people who typically find out are the creditors whose debts you listed on the bankruptcy petition.
WHAT WILL HAPPEN TO ME ONCE I FILE FOR BANKRUPTCY?
The first thing people notice after we file a case for them is that they can relax for the first time in a long time. The collection phone calls stop immediately, the collection lawsuits are ended, and clients can start getting sleep again at night. Nobody ever feels good about filing a case in bankruptcy, but, they do feel much better. It provides a fresh start so that people can rebuild their lives.
As long as you continue to make payments on your loan, there should be no problem keeping your house or car, even after the bankruptcy proceeding concludes.
WILL I HAVE TO GIVE UP ANY OF MY OTHER PROPERTY TO CREDITORS?
The vast majority of filers get all or most of their debts discharged (wiped out) without giving up any of their own property. This is because federal and state laws protect a lot of your property; for example: household goods, clothing, retirement accounts, and much more.
WILL BANKRUPTCY HARM MY CREDIT RATING?
Although a bankruptcy filing may stay on your credit report for up to 10 years, you can regain a positive credit rating within a few years of your debt discharge by making payments on time. Filing bankruptcy also helps your credit rating by improving your debt-to-income ratio. Many of our clients report receiving pre-approved credit cards within weeks of a bankruptcy discharge.