HELPING YOU GET A FRESH START

 

When you are having trouble paying your bills, it is easy to feel overwhelmed. You probably have creditors calling and sending threatening letters demanding payment. It can reach a point where you are afraid to pick up the phone or collect the mail. All you really want is a way to get out from under your debt and move on with your life. You’ve thought about bankruptcy but you’ve heard terrible things about what it can do to your credit and your future.

 

The truth is that filing bankruptcy is not a tragic ending but a new beginning. We have been helping clients to get a fresh start without the burden of excessive debt holding them back. We offer comprehensive debt relief solutions designed to accommodate the unique circumstances of your situation

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Filing for Chapter 7 Bankruptcy

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When you work with us, we will begin by taking inventory of your financial situation and determine if you meet the income, asset and other eligibility requirements to qualify for Chapter 7.  We will take the time to explain the pros and cons of this option, as well as answer your questions about the legal process.

 

If filing for Chapter 7 makes legal and practical sense for you, we will prepare your petition and financial schedules and proceed to file them with the bankruptcy court. At this point, an automatic stay will go into effect. This is a powerful debtor protection that requires creditor collection activity to cease, stopping calls, letters, home foreclosure actions and repossessions. Any further communications from your creditors will have to go through our office instead.

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Eliminating Debt Through Chapter 7 Bankruptcy

Chapter 7 bankruptcy is effective in eliminating many kinds of debt, including:

 

• Credit card bills

• Medical debt

• Lawsuits and judgments against you

• Pursuit of deficiencies after mortgage foreclosures or trustee sales

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Making Your Debt Manageable Through Chapter 13 Bankruptcy

For many individuals who do not qualify or have debt relief needs that cannot be addressed by Chapter 7 bankruptcy, Chapter 13 is an effective route. Chapter 13 bankruptcy provides debtors the breathing room they need to pay back some or all of their debts over an extended period of time. By establishing a repayment plan that is tied to what you can afford, a successful Chapter 13 filing can relieve much of the stress and burden of overwhelming debt.

 

Filing for bankruptcy is your right under the law, not a personal failure. Call (859) 987-5266 or contact us online to find out how we can help you get a fresh start through Chapter 13 bankruptcy. Your initial consultation is free.

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Understanding Chapter 13 Debt Reorganization

 

Also known as “debt reorganization” or “wage earner’s bankruptcy,” Chapter 13 is a more complicated and time-consuming process than Chapter 7 bankruptcy. For various reasons, however, chapter 7 bankruptcy is not for everyone. For those who do not qualify because their income or assets exceed eligibility requirements, those who have filed for Chapter 7 in the past eight years, or those who have tax debt issues or defaults that cannot be cured through Chapter 7, Chapter 13 may be the right solution. In this form of bankruptcy, you repay all or some of your debt over three to five years, and it protects your home and car from foreclosure and repossession.

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