Get a free evaluation with a bankruptcy attorney to talk about your debts and how bankruptcy can help you.
If you're struggling with credit card bills, medical debt or mortgage payments, you're not alone. You have legal options to get your life back on track.
Get help today. Simply fill out the below form to connect with a local bankruptcy attorney for a free case evaluation.
One of the main purposes of Bankruptcy Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.
The objective of this website is to provide the person, thinking about filing bankruptcy, the information he or she needs to make an informed decision. You will then have a good understanding of what the law allows when you meet with one of our bankruptcy lawyers.
Bankruptcy laws give individuals seeking debt relief to main options: Chapter 7 debt eliminations and Chapter 13 reorganization.
In Chapter 7 bankruptcy, debts like credit cards, medical bills and utility bills can be completely wiped out. Some property may be used by the bankruptcy courts to repay creditors--however, bankruptcy laws in each state allow individuals to keep much of their most valuable assets.
In Chapter 13 bankruptcy, individuals past-due on mortgage payments or auto loans work out a repayment plan in bankruptcy court. Filers who also have credit card debt or medical debt may be able to reduce or eliminate those bills.
A local bankruptcy attorney can help you decide which bankruptcy option may best suit your needs.
Is Filing Bankruptcy Immoral?
Every day, people just like you decide to file for bankruptcy.
With this economy, bankruptcy just doesn't hold that old stigma it may have had a decade ago. Most of us are struggling with debt--and many of us have lost income thanks to the economy.
Bankruptcy laws have helped millions of Americans get out of debt. They've also helped people stop creditor harassment through the bankruptcy automatic stay.
If you're tired of creditors calling at all hours and you're looking for relief, ask a local bankruptcy attorney whether filing bankruptcy could help you.
After being discharged from bankruptcy
If you're thinking about filing bankruptcy, you're probably wondering how bankruptcy affects credit.
It's true that bankruptcy stays on a credit report for up to 10 years (maybe less depending on which type of bankruptcy is filed), but once the slate is essentially "wiped clean" after a successful bankruptcy filing, people can instantly start rebuilding their credit.
In fact, many people even gain stronger credit scores after filing bankruptcy because their old debt is gone and they can start fresh.
Think about it--your credit probably wasn't that great to begin with. Bankruptcy was designed to clear debt to give people a fresh chance.
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