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Bankruptcy

Apply for protection under the federal laws of bankruptcy.

 

We assist consumers file under 

Chapter 7  -  Liquidation of debts

Chapter 13 -  3 to 5 year debt repayment plan

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Is bankruptcy right for you?

 

Bankruptcy provides relief to individuals who can no longer make their monthly debt payments and are overwhelmed--or will soon be overwhelmed--by their debts.  As a debtor behind on payments, you may be subject to numerous collection calls throughout the day, letters demanding payment, lawsuits, disconnection of utilities, eviction proceedings, foreclosure, and a great deal of stress.  In most cases, filing for bankruptcy puts an end to all these things.

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The law of bankruptcy is rooted in the idea that a debtor should not have to live under the burden of insurmountable debt.

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Therefore, federal law provides for the opportunity for debtors to eliminate a great variety of debt and get a fresh start financially.

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In exchange, the creditors that the debtor owes may receive a portion of the debtor's property, but never any property of the debtor's that is protected under state and federal laws as "exempt property".   In many cases, there is no "non-exempt" property that creditors can collect.

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Call us to schedule a consultation to see if filing for bankruptcy is the right option for you.

 

What type of debt can be discharged (eliminated) through bankruptcy?

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  • Credit Card

  • Accounts in Collection

  • Medical Debt

  • Personal Loans

  • Past Due Utility Bills

  • Business Debt

  • Deficiencies Due to repossession or foreclosure

  • Civil Judgments (with certain exceptions)

  • Past Due Lease Payments

  • Lease Agreements

  • Certain taxes

  • Other debts not protected by law.

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My home is in foreclosure.  Can bankruptcy help?

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The automatic stay provision of bankrutpcy immediately stops the sale of foreclosure of your property in most cases.

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Call us to schedule a consultation to see if filing for bankruptcy is the right option for you.

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What type of debt cannot be discharged (eliminated) in bankruptcy?

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  • Federal Tax Liens

  • Child support or maintenance

  • Debts to former spouse or children arising out of divorce proceedings

  • Debt ordered as payment for personal injury

  • Vehicular claims resulting from DWI collisions

  • Judgements in cases involving fraud, larceny, embezzlement, or “willful and reckless acts”

  • Debts to HOAs

  • Attorney's fees in child custody or child support cases

  • Fine, penalties, or restitution ordered by a court

  • Certain new credit card debt incurred within 90 days before you filed for bankruptcy

  • Certain other debts protected under the law

 

It is important to consult with a qualified attorney to make full use of the protections that federal and state law provide and navigate the laws that will come into play in your circumstances.

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Call today to schedule your consultation.

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