Is overwhelming debt threatening your family and financial stability?
If you don’t hire an attorney, you may lose your home and your financial security
You may be eligible to file for either a Chapter 7 or a Chapter 13 bankruptcy. In a Chapter 7 bankruptcy, a portion of your property may be sold to pay on your debts. Not all of your property will be sold; you may be allowed to keep property which is classified as exempt under the bankruptcy law. These assets may include work tools, household furnishings, cars and clothes. You may even be entitled to keep your home, if you continue to make payments on it.
You will no longer owe most of your debts like credit cards, medical bills and unsecured loans. You will still owe child support, spousal maintenance, student loans and taxes.
In a Chapter 13 you make payments to the bankruptcy trustee who then pays your creditors. You make your payments for up to five years. After your payments are completed, the remainder of your eligible debt is eliminated.