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. -Bankruptcy Action. You can read more about bankruptcy and laws here, or take a look at our FAQ.
Consumer Bankruptcy
My bankruptcy practice covers debtor representation in chapters 7 and 13 (Wage Earner). Either kind of bankruptcy will stop a foreclosure, repossession or garnishment.
If a vehicle has been repossessed in the last few days you should be able to get it back.
Chapter 7
Chapter 7 or "straight" bankruptcy allows you to get a "fresh start." It eliminates, or discharges, unsecured debts, such as credit cards and medical bills. If you have secured debts, such as mortgages or car notes, the creditor will usually allow you to keep the property if you agree to keep paying, or reaffirm, the debts.
Certain debts such as child support, taxes less than 3 years old, and student loans are generally not dischargeable.
You should not file a chapter 7, if you have significant equity in property, or if you can afford to pay a percentage of the debt back in a chapter 13. You must list all your income and assets, and all your creditors.
The court costs for a chapter 7 are $299. Attorney's fees are determined at the consultation, but you can call my office for more information.
Chapter 13
Chapter 13 Plans are designed to pay your debts at a rate you can afford. I will analyze your debts, assets, income and expenses to propose a payment that you will make to a Trustee, who will then pay your creditors. You do not necessarily have to pay 100% of your debts, and you can normally reduce the interest rate on secured loans.
Mortgage Arrears: Chapter 13 is particularly helpful if you are behind on your house note. You can propose a Plan to get caught up by making small monthly payments on the arrears.
The court costs for a Chapter 13 are $274, but you can usually get it started for $100 down. Attorney's fees are usually included in the monthly payment you make to the Trustee.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
