Bankruptcy
Bankruptcy is a way to get a new start after a serious financial problem. Those problems typically, but not always, are caused by something unexpected: a catastrophic illness with the mountain of medical bills, a loss of income after losing a job, or the loss of a spouse through death or divorce.
There are two types of personal bankruptcies:
Chapter 7 in which you sell off personal property and use it to pay off debts with the court deciding how much of your debt will be discharged. In many cases this will bring you a clean slate to start your financial life over again.
Chapter 13 in which you restructure your debt in order to allow you to repay it without harassment from your creditors.
Bankruptcy helps you get your life back.
Neither type of bankruptcy will "ruin your financial life." Most people filing bankruptcy can choose to keep their home and one or two cars depending on values. In addition, many find that getting a new credit card or car loan is easier after a bankruptcy because their financial situation has improved so much.
Get a bankruptcy lawyer to get it right.
You could just go to the courthouse and get the paperwork and file it yourself. But be forewarned, the paperwork is complex and your creditors will have lawyers poring over your documents looking for mistakes to keep you from getting out of paying them.
Having a bankruptcy lawyer prepare your documents is often the safest and most productive route. And should your bankruptcy end up being challenged in court, your bankruptcy lawyer will be there to fight for your rights - that's not something that a paralegal or specialized preparer can do. Often, discovering that you have a lawyer on your side is enough to get the creditor to back down and avoid a challenge.
Getting started on your bankruptcy is easy.
Click the link below to go to our simple bankruptcy evaluation form, fill it out as best you can and click submit.
We'll go through your responses, evaluate your case, and call you to offer advice and a free consultation.
Click here to go to the bankruptcy evaluation form.
