Affordable Bankruptcy Law Firm

 

Consumer Bankruptcy

Even after the changes in the bankruptcy law, filing a Chapter 7 or a Chapter 13 may still be used to stop Garnishments, Repossessions, Foreclosures and Lawsuits and to discharge debts. We can assist you in determining which kind of bankruptcy is best for you, and provide legal representation throughout the entire process. Filing the wrong bankruptcy may have dire consequences. It is our job to ensure that you and your property are properly protected.

Chapter 7

Chapter 7 bankruptcy, also known as “liquidation” is generally a faster and less expensive manner of obtaining a fresh start. If one qualifies to file Chapter 7, a discharge is normally issued in a few months from the time of filing. However, not every debt is dischargeable in a Chapter 7 and not everyone qualifies to file Chapter 7 bankruptcy. In a Chapter 7, an appointed Trustee will liquidate any non-exempt assets that the debtor may own and distribute the proceeds to the creditors. Therefore, it is extremely important that you consult with an attorney, who is familiar with both Chapter 7 and 13, so that your petition is prepared and filed properly.

In our law office, you will be fully consulted and advised by an attorney at every step of the way to ensure that not only you qualify for a Chapter 7, but also are fully protected and in compliance with the requirements of the bankruptcy code.

Chapter 13

Chapter 13 bankruptcy does provide some protections and benefits that Chapter 7 does not, such as cram-down and lien stripping. Although it may take a while to complete a Chapter 13 plan and the debtor will have to make payments to the Chapter 13 Trustee for a period of time, it may be a wise choice or the only option for many people.

In our office, you will be educated and advised of the differences between Chapter 7 and Chapter 13. You will have an opportunity to evaluate your particular case, directly and face to face, with an experienced attorney who will help you make a decision that would be in your best interest given your specific situation.

Call our office today to discuss your case. (303) 785-2832