Personal Bankruptcy - Chapter 13 or  Chapter 7?

 

 

Depending upon the severity of your situation, I do refer my clients to this option. 

 

 

 

 

 

 

 

 

 

 

 

Bankruptcy Counseling

Credit Restoration

Debt Management

Debt Negotiation

Financial Education

Unsecured Debt Relief Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There are two personal bankruptcy options which are Chapter 7 and Chapter 13.  Both must be filed in court.  Both types of bankruptcy may get rd of unsecured debts and stop foreclosures, repossessions, garnishments, utility shut offs, and debt collection activities.  Both also provide exemptions that allow people to keep certain assets, although exemption amounts vary.  Note that personal bankruptcy usually does not erase child support, alimony, fines, taxes, and some student loan obligations.  And, unless you have an acceptable plan to catch up on your debt under Chapter 13, bankruptcy usually does not allow you to keep property when youir creditor has an unpaid mortgage or lien on it.

 

We are affiliated with World Law Group.  Once enrolled in our program, you will have the advantage of financial attorneys that specialize in bankruptcy and debt settlement.