Bankruptcy is a legal process guaranteed by the United States Constitution that may allow you to relieve the burdens of excessive debt.  Creditors must comply with federal bankruptcy laws even if they refused to work with you in the past. Being constitutionally guaranteed, bankruptcy courts are part of the federal court system and have all the powers and protections that federal law provides. Bankruptcy is a serious financial step and should not be entered into lightly. However, bankruptcy is hardly about giving up.  It is about restructuring your life, which may include repaying your creditors, depending on your particular financial situation.

Chapter 7:  If you, or someone you care about is facing creditor harassment, wage garnishment, repossession, foreclosure or other legal action, filing Chapter 7 bankruptcy is an option to consider. Chapter 7 is a legal process that can allow you to discharge your unsecured debts and allow you to keep your exempt property, giving you a fresh start to work and build from.  Credit card expenses, medical bills, and personal loans are all forms of unsecured debt that may eliminated, but not all debts can be discharged. Unpaid child support, student loans and taxes within the past three years are types of debts that cannot be eliminated through bankruptcy. I will carefully review your assets and debts to make the determination of whether this chapter can give you with the relief you need.

Chapter 13:   For individuals and families living with tremendous amounts of debt, creditor harassment and the threat of repossession, foreclosure, wage garnishment and other legal action, there are options to help provide you with the relief you need and deserve. Chapter 13 bankruptcy is also referred to as “wage earners bankruptcy” because it involves a consolidation and repayment of all debts that are included in the bankruptcy. Typically, this court supervised payment plan will last between 3-5 years, paying a set monthly figure to a trustee who will then disburse the funds appropriately. Once you are done with the term of your bankruptcy, the debts that were addressed will all be satisfied and you can begin the process of credit restoration.  I can help you prepare a plan that meets your needs and best interests.