St. Leo, FL Bankruptcy Law Firms & Lawyers

Withdrawing money from your 401K is generally a bad idea, even to pay the legal fees to afford to file bankruptcy. Money that is in your 401K is 199% protected from being seized by creditors & once you take it out, the money is vulnerable. With legal fees and court costs, a consumer bankruptcy may cost less than $2,000. But fees can vary widely within a community and it can be a mistake to shop for a bankruptcy attorney by price.

*- unfortunately, there is NOTHING you can do to speed up this process. You DID get the protection of the automatic stay during the pendency of the bankruptcy and the benefit of the process. This bankruptcy filing CAN AND WILL stay on your credit report for a specified length of time. This is an underwriting rule of many lenders; several years ago, it was 2 years from the date of discharge so the economy appears to have at least shortened this time period. You can shop non-conforming lenders or seek an individual who'd be willing to hold the mortgage, but short of that, you have NO OTHER OPTION than to wait it out. *

Yes, you can wipe out a judgment in bankruptcy, unless the judgment is for something non-dis chargeable like fraud, damages caused by drunk driving, child support or the like. ?Good luck.