Most people never plan to file a bankruptcy or seek debt relief.
Get a fresh start without the collection calls, the bills and the payments you can’t afford.
They work hard, pay their bills, but unfortunately, that isn’t always enough. An unexpected medical emergency, a divorce, the loss of a job – all of these things can lead to financial disaster. Sometimes, the disaster creeps up little by little, and one day it occurs to you that there is simply more debt than you can handle.
Some people believe that because of changes in the laws they can no longer file a bankruptcy or discharge debt. That isn’t true. While it is true that requirements are stricter than they used to be, the large majority of people who need to file a bankruptcy still can.
There are four types of bankruptcy filings that can be filed by individuals: Chapter 7, sometimes called a liquidation bankruptcy; Chapter 13 which is a type of financial reorganization; Chapter 11 which is largely used to handle the debt problems of large businesses and individuals with income and debt at higher levels; and Chapter 12 which is formulated specifically to address the problems of farmers and fishermen.
Our Office specializes in Chapters 7 and 13. We use these tools to handle personal and business debt, and in some cases, tax debt, as well.
Life After Debt
The right to discharge debt dates back to the Old Testament, and is specifically included in Article 1 of the United States Constitution. Bankruptcy provides a fresh start in life. In as little as two years after discharge it is possible to have good credit and qualify for mortgages and other loans. Educational loans and car loans can typically be obtained immediately after, or even sometimes during, a bankruptcy.