Bankruptcy Is What I Do.
Too much debt. Not enough income. Nothing left in the bank. You want to consolidate your debt, but you don’t know how to start or who to talk to. Sound familiar? This is the heart of nearly every bankruptcy case my law firm has ever handled.
Is this you?
- Got sick. You missed work and are behind on bills. Your creditors are filing lawsuits to collect.
- Laid off. You are behind on the mortgage and now the bank is foreclosing.
- Lost a job. You found a new one, but it doesn’t pay as much, and the bills didn’t go away.
- Got divorced. Living expenses went up, but your debt didn’t go down.
- Can’t make a dent. You tried paying creditors back, but minimum payments every month aren’t helping, they’re actually hurting.
No matter how you ended up with unmanageable debt, a successful bankruptcy can give you a fresh start. As an experienced bankruptcy attorney, I can ensure that bankruptcy provides you freedom from foreclosure, repossession, and creditor lawsuits.
Want to keep your car, home, retirement, even your fishing boat? The good news is that most people who file for bankruptcy relief keep the things they own. The better news is that filing for bankruptcy gets the collectors off your back and puts you in the driver’s seat. But which kind of bankruptcy is right for you?
There are two main types of bankruptcy that people file – Chapter 7 & Chapter 13. Whether you file Chapter 7 or Chapter 13 will depend on a number of factors:
Chapter 7 – Quickly Eliminate Your Debts
- Is your income below the median?
- Are your current on your mortgage or do you rent?
- Are you current on your car payments?
- Can you exempt all of your assets?
- Do you have more credit card or medical debt than you can repay?
- Was your car already repossessed but the creditor sued you for a deficiency balance?
Chapter 13 – Repay Your Debts Over Time
- Do you make more than the median income?
- Are you facing foreclosure and want to keep your home?
- Have you filed Chapter 7 Bankruptcy within the past 8 years and received a discharge?
- Do you want to stop repossessions?
- Will you have to surrender property if you file for Chapter 7 bankruptcy?
