Frequently Asked Questions

Personal Bankruptcy FAQs

Credit Counseling

Question: "If I'm drowning and need immediate relief from the pressure of creditors, is it faster and better overall for me to see a credit counselor for help?"

Answer: Listen to the answer from our  Personal Bankruptcy Audio Series.

Will I Lose My Home?

Question: "If I file for personal bankruptcy, will I risk my family losing our home?"

Answer: Listen to the answer in our Personal Bankruptcy Audio Series.


Stalling Action By Credit Card Companies

Question: "In addition to feeling like a failure, I worry about the long-term affects of bankruptcy on my family and my ability to get credit in the future. If I can stall action by the credit card companies to close my accounts, is that better in the long run?"

Answer: Listen to the answer from our Personal Bankruptcy Audio Series.

When to File Personal Bankruptcy

Question: "Every night at the dinner table my wife complains to me about calls she received from creditors that day. I understand her frustration, but I’m not sure we’re at the point of bankruptcy. At what point to I need to give in and go there?"

Answer: Listen to the answer from our Personal Bankruptcy Audio Series.

Anything to Lose by Filing Bankruptcy?

Question: "I lost my job as a roofer because of the downturn in construction and don’t see anything changing soon. My credit is already in the toilet because I’m not able to pay my bills, so do I have anything to lose by filing bankruptcy?"

Answer: Listen to the answer from our Personal Bankruptcy Audio Series.

Business Bankruptcy FAQs

Restructuring Through Bankruptcy

Question: "I’m an accountant for a mid-sized firm that is challenged by the current economy. At what point do I begin pushing the owner to consider restructuring through bankruptcy?"

Answer: Listen to the answer from our Business Bankruptcy and Restructuring Audio Series

Will Filing for Bankruptcy Buy Time?

Question: "I need time to adjust my company’s strategies and marketing plan to the current economic environment, but am operating under a cloud of mounting debt. Can filing for bankruptcy buy me that time without having to close my business?"

Answer: Listen to the answer from our Business Bankruptcy and Restructuring Audio Series

Bankruptcy as a Management Tool?

Question: "Bankruptcy seems like the end of the road for my business and I'm concerned about my employees. Can bankruptcy be a management tool instead of a closed sign in the window?"

Answer: Listen to the answer from our Business Bankruptcy and Restructuring Audio Series

Filing Business and Personal Bankruptcy

Question: "Can I file both a personal bankruptcy and a business bankruptcy at the same time?"

Answer: Listen to the answer from our Business Bankruptcy and Restructuring Audio Series

Success Without Filing Bankruptcy?

Question: "I feel like creditors are forcing me into agreeing to payment arrangements that are not good for my company. Can a bankruptcy attorney help me make better arrangements without actually filing bankruptcy?"

Answer: Listen to the answer from our Business Bankruptcy and Restructuring Audio Series

Creditors Rights FAQs

No FAQs for this section.

Commercial Litigation FAQs

No FAQs for this section.

Local Counsel Services FAQs

No FAQs for this section.


Listen as Attorneys Todd Duffy and Jim Atkins answer your
Frequently Asked Questions about Personal Bankruptcy
and Business Restructuring in our online Audio series.

Building solutions, overcoming obstacles.