Bankruptcy is used to describe the legal process of eliminating or repaying debt under the federal bankruptcy court. People who file for bankruptcy often do so because their income no longer provides enough money for them to repay their debt. Often people who have credit card debt, are paying off medical debt or recently gone through a separation or divorce can face uncertainty in paying back debts that they owe. When an individual decides to make the choice and declare bankruptcy, they may have questions about the process. This area is designed to help you understand what bankruptcy is, what alternatives you may have and how to begin the processes of declaring bankruptcy.

Alternatives to Bankruptcy

There are many different alternatives for filing for bankruptcy. From money management, to negotiation with creditors, you do not always have to assume that you need to declare bankruptcy. Learn more about the different alternatives to bankruptcy here.

Benefits of Bankruptcy

If you realize that bankruptcy may be inevitable, all hope is not lost! There are still benefits to declaring bankruptcy. By filing you can get rid of harassing collectors, your bills can become eliminating and you are often allowed to start from new.

Chapter 7 Bankruptcy

One of the two ways you can file for bankruptcy is called a Chapter 7 Bankruptcy. By filing a Chapter 7, you are liquidating your assets. This often means the sale of the debtor’s property and distribution of the sales to creditors.

Chapter 13 Bankruptcy

Filing a Chapter 13 Bankruptcy allows for individuals and business owners to make payments to creditors and still retain their property. Filing a Chapter 13 Bankruptcy usually always you to keep your home, car and other properties in your name.

Means Test

Are you eligible for bankruptcy? You may need to take a means test to determine whether you are eligible to file a Chapter 7 Bankruptcy. If your income is high and you fail the means test, you may still be eligible to file a Chapter 13 Bankruptcy.

Bankruptcy FAQ

Am I eligible for bankruptcy? Will I still retain my assets? What happens to my credit? Will the collectors stop calling? All of these questions are questions almost every person facing bankruptcy asks. The answer to some of these troubling issues can be found here.

Why Hire a Bankruptcy Attorney?

A bankruptcy attorney can help you navigate the bankruptcy process, which can be lengthy and confusing. We are proud to provide friendly and knowledgeable attorneys to guide individuals in filling either a Chapter 7 or Chapter 13 claim.

Bankruptcy Process

Does bankruptcy seem inevitable? The process of filing for bankruptcy can be challenging and often confusing. Learn more about the process of getting started and what to expect from your bankruptcy claim.

Dedicated Bankruptcy Attorney on Your Side

Throughout the process of bankruptcy, you can retain the confidence that an experienced and friendly attorney from our firm is there to help you. If you still have questions or are ready to move forward in filing for bankruptcy, contact us for a free case evaluation.