Consumer Debt Relief
We are a designated debt relief agency under federal law and we provide legal assistance to consumers seeking relief under the United States Bankruptcy Code.
Due to the unpredictable nature of job markets, the economy, injury, or illness, individuals and families sometimes find themselves in a financial crisis. Federal Bankruptcy Law in many instances can help individuals and families restructure and discharge debt, allowing them to gain "breathing room" from the demands of creditors.
When you file bankruptcy you can choose the type of bankruptcy that best meets your needs:
Chapter 7- A Trustee is appointed to take over your property. Any property of value will be sold or turned into money to pay your creditors. You may be able to keep some personal items and possibly real estate depending on the law of the state in which you live.
Chapter 13- You can usually keep your property, but you must earn wages or have some other source of regular income, and you must agree to pay part of your income to your creditors. The court must approve your repayment plan and your budget. A Trustee is appointed and will collect the payments from you, pay your creditors, and make sure you live up to the terms of your repayment plan.
Please keep in mind that the application of Federal Bankruptcy Law is unique to each individual's situation or financial crisis. The information contained herein is not complete. You may need legal advice. Therefore, if you would like an information packet or a free initial consultation to discuss the particulars of your case, please contact our office.