Frequently Asked Questions




Q. Why should I file for bankruptcy?

A. Filing for bankruptcy can stop harassing phone calls and enables you to have a "fresh start" by removing unsecured debts.



Q. What types of debts are non-dischargeable?

A. Secured debts such as Student Loans, Child Support and Alimony, Marital Debts, Recent Credit Purchases/Cash Advances, Fines & Citations are non-dischargeable.



Q. What type of possessions am I allowed to keep when filing?

A. Any "major assets" must be listed when filing for bankruptcy. Generally speaking, you are allowed to keep the following:
  • $5000 worth of home furnishings, clothing, table & kitchen accessories, etc.
  • A motor vehicle worth no more than $4000.
  • Your wedding ring
  • Household Pets



  • Q. What is the difference between chapter 7 and chapter 13?

    A. Chapter 7 bankruptcy includes discharging a majority (if not all) of your debts. However, in exchange for this, the bankruptcy trustee can take any non-exempt property from collection, which will be sold off and distributed to your creditors.

    Chapter 13 bankruptcy requires you to repay a percentage of your debt. The Bankruptcy court requires you to file a payment plan based on how much money you earn, how much property you own, and what types of debts you have.



    Q. How soon after filing can I re-apply for a credit card?

    A. Almost immediately after filing, you will receive credit card offers in the mail. However, you must be careful, many of these offers have extra circumstances added into the contract such as high activation fees or increased interest.



    Q. Is my 401K or Retirement fund in any danger if I file?

    A. Your retirement funds cannot be touched by the creditors when you file for bankruptcy.



    Q. How long does bankruptcy stay on your credit record?

    A. Information regarding your bankruptcy can remain on your record for up to ten years.



    Q. Can I be fired from my job for filing for bankruptcy?

    A. It is against the law to be fired from your employer for simply filing for bankruptcy.



    New York State Coverage

    Randall Kehoe's Bankruptcy services are available in the following counties...

    Albany County, Broome County, Clinton County, Columbia County, Cortland County, Cayuga County, Chenango County, Delaware County, Essex County, Franklin County, Fulton County, Greene County, Hamilton County, Herkimer County, Lewis County, Jefferson County, Montgomery County, Madison County, Oswego County, Oneida County, Otsego County, Rensselaer County, Schoharie County, Saratoga County, Schenectady County, St. Lawrence County, Tompkins County, Tioga County, Ulster County, Warren County

    Law Office Location
    Law Office of Randall Kehoe
    127 Madison Ave
    Albany, NY 12202

    Contact Us Directly:
    Call:  (518) 465-2211
    Fax:  (518) 465-2210
    Email:  RKehoe127[at]aol.com
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