It's simple. Bankruptcy is designed to eliminate debt and stop foreclosure, repo, wage garnishment and bill collectors.
Your credit doesn't have to be ruined either. Once debt is cleared, you can start to rebuild it.
Ask a lawyer if Chapter 7 or 13 can help you. The consultation is free.
In today's economy, it is not uncommon for most families to be experiencing financial hardship.
While many forms of debt relief exist, bankruptcy is a legal process that stops creditor action and eliminates debt.
Whether your hours were cut short, you lost your job, suffered a tragic illness or were involved in an accident, bankruptcy may provide the fresh start that you desperately need.
You are entitled to a fresh start. You deserve a chance to improve the quality of your life and to brighten the future for you and your family.
Given the complexity of the bankruptcy process, you may want to consider speaking with a bankruptcy attorney.
Simply fill out the form below and we will connect you with a local bankruptcy lawyer for a free, no-obligation consultation.
Of course, there are numerous considerations that need to be made prior to filing for bankruptcy.
One of the most important considerations that needs to be made is whether or not you actually qualify for bankruptcy.
To determine your eligibility, the court will dissect various aspects of your financial life. You will be asked to provide detailed descriptions of your finances and identify ALL of your creditors. Failure to include all of your creditors can result in serious legal repercussions.
Based on your financial circumstances, a bankruptcy attorney may be able to identify which chapter of bankruptcy that you qualify for.
There are, of course, repercussions to filing bankruptcy. Your credit score may be damaged for up to 10 years; however, it is not without repair. You can slowly rebuild your credit over time following a bankruptcy filing. Bankruptcy does not damage your credit forever.
Chapter 7 Bankruptcy is designed to eliminate unsecured debts, including credit card debt, medical bills, some personal loans, and much more.
Alternatively, you may be able to file Chapter 13 bankruptcy.
Chapter 13 bankruptcy allows you to restructure finances so you can pay back your creditors over time. Under Chapter 13, your assets and liabilities are meticulously scrutinized to determine the current value.
Remember that bankruptcy does not relieve you of your financial responsibility now or in the future.
Many people find themselves in bankruptcy court because they simply do not know how to handle money. The law requires that bankruptcy filers attend credit counseling.
The bankruptcy process is protected by state and federal laws. These laws may differ, however, depending on your state.
For answers to your legal questions, consider speaking with a bankruptcy attorney. Simply fill out the form on this page and get started on the path to financial recovery.