Bankruptcy “Your Fresh Start Begins Today”

•   Are you struggling with harassing phone calls from bill collectors?
•    Have you recently been garnished?
•    Have you been hospitalized and are now facing a mountain of medical bills?
•    Are you overwhelmed with the daily attack of bills and collection letters?
•    Are your financial troubles affecting your sleep, health, work or personal relationships with your family (spouse or kids?)

Consider Bankruptcy.  It will: 

•   Stop harassing phone calls from bill collectors.  
•    End the daily attack of bills and collection letters.  
•    Stop pending lawsuits.  
•   Stop pending foreclosures and car repossessions.  
•    End wage garnishments.  
•    Give you a Fresh Start

Debt Relief, via Bankruptcy, can grant you the financial relief you need.

In 2010, over 1.5 million Americans filed personal bankruptcy to obtain some much needed debt relief.  Millions of Americans continue to receive the financial “Fresh Start” that was desperately needed.

Many people think of bankruptcy based on what is seen on TV.  We’re here to say nothing can be further from the truth.  Most families keep their car and home after they file if they can continue to make the payments.  The courts do not sell all of your possessions leaving you only the shirt on your back.  These are all myths.  Every state has certain items that are ‘exempt’ from the bankruptcy.  We recommend speaking to one of our attorneys to show you how bankruptcy can help you in your situation.

For most individuals, there are two kinds of bankruptcy.  We have provided a short description below for each, but an attorney would have to review your specific financial situation to determine which chapter you might qualify for.

Chapter 7:

Chapter 7 bankruptcy is also known as personal bankruptcy.  Chapter 7 is designed to assist individuals or small businesses liquidate assets and repay creditors to resolve financial disputes. There is a test (called the “Means Test”) to help determine if you qualify for chapter 7.  Chapter 7 bankruptcies can be quickly completed, taking an average of four-five months to complete.

Chapter 13

Chapter 13 bankruptcy is also known as the "wage earner's plan." Chapter 13 bankruptcy enables individuals with income to create a plan to repay all or part of their debts. Under Chapter 13 bankruptcy the debtor proposes a repayment plan to make installments to creditors over three to five years. Once accepted by the trustee, the debtor makes his payments and all of the unsecured debts left at the end of the payment term will be discharged.  If the debtor's monthly income is less than the state median, the plan will be for three years unless the court approves a longer period of time. However, if the debtor's current monthly income is greater than the state median, the plan generally must be for five years.

Come in today for a free evaluation and let us help you on your way to a Fresh Start!