Bankruptcy

If you are experiencing financial difficulties, it is a tough call to make that needs personal attention. We are here to assist you. We can help you determine the best course of action for your personal situation. We can provide clear answers for difficult situations.

Chapter 7 Bankruptcy:
Chapter 7 Bankruptcy is a liquidation process that allows the debtor to eliminate certain debts through a discharge. Other debts such as taxes, student loans, domestic support, and property settlement agreement obligations may not be dischargeable. The Trustee may sell any non-exempt property and use the proceeds to pay creditors.

Chapter 13 Bankruptcy:
Chapter 13 Bankruptcy is for individuals who have a regular source of income and want to pay all or part of their debts. The Debtor can set up a repayment plan to pay their debts over a set period of time. This type of bankruptcy is helpful for individuals seeking to save their home from foreclosure or a vehicle from repossession.

Debt Settlement:
In some instances, bankruptcy may not be the best option for your situation. Debt settlement offers the ability to work directly with the creditors to reduce the amount owed or manage the monthly payment.