Local Attorney Logo

IS BANKRUPTCY RIGHT FOR YOU?
FREE YOURSELF FROM DEBT

IS BANKRUPTCY RIGHT FOR YOU?
FREE YOURSELF FROM DEBT

End Creditor Phone Calls

Stop Repossession Efforts

Stop Lawsuits

Fresh Start at Financial Independence

GET A FREE
BANKRUPTCY CASE EVALUATION
from a Local Lawyer

End Creditor Phone Calls

Stop Repossession Efforts

Stop Lawsuits

Fresh Start at Financial Independence

Bankruptcy May Eliminate

Credit Card Bills

Medical Bills

Foreclosure Process

Wage Garnishment

Creditor Harassment

Bankruptcy May Protect

Your Home

Your Car

Your Wages

Your Furniture

Chapter 7 vs Chapter 13

It is best to speak to a legal professional about your situation with our free case evaluation, but most people are faced with two types of bankruptcy options: Chapter 7 usually for smaller debt amount and Chapter 13 for larger ones. Each type has different pros and cons that might or might not be right for you. Here is a quick overview of the two types.

7

Chapter 7 Bankruptcy is commonly used when you do not have a lot of real property and when you have little or no money after paying your basic expenses. In this type of filing most of your unsecured debts can be completely eliminated. This type of filing moves quickly and can be resolved in a matter of months. Let us connect you with a Debt and Insolvency Professional in your area!

13

Chapter 13 Bankruptcy is often the choice when you have significant equity in your home but you are struggling financially to keep up with loan payments and other debts to maintain control of your property. This type of filing is good if you have a regular income but can’t keep up with regular payments. This kind of bankruptcy usually gives you 3 - 5 years to catch up on payments by spreading out the schedule of your payments. Let us connect you with a Specialist Today!

Frequently Asked Questions

To get the best answer, please request a free case evaluation by a local debt specialist today!

One of the biggest benefits of filing for bankruptcy with the proper professional help is possibly getting an automatic stay order that prohibits any further contact from collectors working for any of your creditors. Bankruptcy may provide immediate relief this type of creditor harassment. It can also stop foreclosure and repossession and halt lawsuits and wage garnishments.
Even for those that don’t have a desire to use credit cards to finance their future, they should still rebuild their credit to help make larger purchases down the road such as a home or vehicle. Making the right decision with regards to insolvency should be viewed as a fresh financial start with a clean slate. It’s an important time to start living with a budget and slowly building back your credit history and improving your score for the future.
Bankruptcy can often provide relief for those affected by medical expenses, job loss, divorce, disability and mortgage and car payments that can’t be met.
It is a process whereby a bank or mortgage company that has a lien on your real property may legally take possession of the property due to the owner not complying with terms of an agreement.
Many people that file do get to keep their vehicle, although each case is different. If you get behind on payments you may be able to take advantage of current bankruptcy laws to assist in keeping your vehicle.
In certain cases, a co-signer can be protected. In general, however, if you file for Chapter 7 Bankruptcy creditors are still able to proceed with collection efforts against any of your co-signers, even if you are able to wipe out your own debt.
Filing for bankruptcy can eliminate credit card, medical costs and other unsecured debt. However, debt such as child or spousal support or tax debt are rarely eliminated in any type of bankruptcy.
Receiving constant collection calls and emails can be quite stressful. Good news is that you do have the power to halt the collection people by getting an automatic stay that can make it illegal for creditors to contact you.