Resources

FAQ’s

Bankruptcy is a somewhat complicated process if you are not represented by an experienced attorney. The legal jargon is confusing and materials provided by many other law firms are often dense and unreadable.

At Crumley & Wolfe, we want you to be as informed as possible. We have simplified the answers to some the frequently asked questions so that you can be fully informed of your bankruptcy or non-bankruptcy options.

FAQs: ABOUT BANKRUPTCY

How does bankruptcy help me?
Bankruptcy helps the debtor (the person filing for bankruptcy) by getting them out of debt. This debt can be completely eliminated or paid back in one lump monthly sum. Filing for bankruptcy allows the debtor to regain control of their finances and have a fresh start.

Does everyone qualify?
No. Qualification is based on how much your debt is and the amount of income you bring into the household. Attorneys Ben Crumley or Matt Wolfe will help you decide the best choice for you.

How long does it take to file bankruptcy?
The period can be as long as a few months or as short as the same day you visit. Emergency filings in most cases are available through the court’s electronic filing system.

Will this stop repossessions, foreclosures, or garnishments?
Yes. Filing for bankruptcy will place an “automatic stay” on your assets and prevent you from losing them. This automatic stay prevents the creditors from taking any action against you or your assets.

FAQS: GETTING OUT OF DEBT

How exactly does my debt go away?
When you file for bankruptcy under either Chapter 7 or Chapter 13 an agreement is made between you and your creditors. Under Chapter 13 you will repay your debts over a period of three to five years. Under Chapter 7 you are relieved of your responsibility to pay the debts and creditors can no longer contact you. This process is called a complete discharge of debts.

How long does the discharge take?
With Chapter 7 the discharge usually occurs within 6 months from the date the case is filed. Under Chapter 13 the discharge is complete as soon as all payments are made in the three to five year period.

Will all my debts be discharged?
No. Debts like child support, some taxes, or other debts incurred from a debtor’s inappropriate behavior (debts from a DUI charge, etc.) are often not discharged in bankruptcy.

What effect will this have on my credit score?
Filing for bankruptcy will affect your credit score. However, credit scores are not permanent and you can rebuild it to a high rating over time. Once you receive a discharge you can immediately start building your credit again. Your credit score will increase if you are responsible.

FAQ’S: WHY CRUMLEY & WOLFE?

Does your firm inform its clients of meeting times and dates or do I have to find that information on my own?
Yes. At the bankruptcy law firm Crumley & Wolfe, we make sure you are informed of every step in your bankruptcy case. You will always be notified of any upcoming events in your case via mail and a telephone call.

What happens at my free consultation?
At your consultation, you can ask the attorney any questions you have. From there the attorney will help you decide your options regarding bankruptcy and give you all the appropriate paperwork and information.

Do I have to make a decision at the meeting?
Of course you do not! This consultation is for your benefit. Many clients wish to take the information home and discuss it with a family member or spouse. You have as much time as you need to decide to file.

After my consultation, will I be able to contact the firm if I have more questions?
Yes! Unlike other firms where clients are left in the dark, Crumley & Wolfe wants you to know what is going on in your case. If you have any questions regarding your case you may call the firm and speak to one of our attorneys.

What areas of Florida and Georgia does Crumley & Wolfe service?
We have two offices conveniently located in Jacksonville, Florida and Kingsland, Georgia. We assist clients in Jacksonville, Jacksonville Beaches, Orange Park, Green Cove Springs, Middleburg, Palatka, Fernandina Beach, Yulee, Ponte Vedra Beach, St. Augustine, Macclenny, Kingsland, St. Marys, Woodbine, Folkston, Brunswick, St. Simons Island, Waycross and surrounding areas.