Are your wages in danger of being garnished? Are you being harassed by creditors? Is your home in foreclosure?
Bankruptcy provides many benefits, such as stopping a foreclosure sale, a complete or partial discharge of your debts, and prohibiting wage garnishment. Bankruptcy can even stop your creditors from harassing you with collection phone calls. Bankruptcy is a tool that the federal government has provided to give individuals the ability to get relief from their debts and get a fresh start.
The Most Common Types Of Bankruptcy Are Chapter 7 And Chapter 13.
- Chapter 7 provides individuals the ability to be forgiven their liabilities through discharge their debts. Some examples of the debts that can be discharged are credit cards bills, repossessions, civil judgments, payday loans, personal loans, hospital and medical bills, and sometimes even taxes.
- Chapter 13 bankruptcy is a reorganization bankruptcy where a percentage of your debts are repaid during a three- to five-year payment plan. Most of our clients pay little to nothing towards unsecured debts while keeping a good portion of their personal assets.
There are many factors involved in determining which chapter is best suited for each individual.
Bankruptcy is document intensive. We handle every aspect of what the court requires to approve your bankruptcy and discharge your debts. We have the resources to attend all court hearings even if you end up having multiple hearings.
If you want to know more about how a bankruptcy could help you, schedule a free consultation with one of our bankruptcy attorneys today.