THE TRUTH ABOUT BANKRUPTCY
Not all people filing for bankruptcy have a history of financial irresponsibility. Many times, filing chapter 7 or chapter 13 bankruptcy results from a job loss, divorce or serious medical problem. These individuals are responsible people, caught in tough circumstances. We will manage your case and look out for your best interests so creditors know to leave you alone after you have filed.
COMMON BANKRUPTCY MYTHS
Don't believe everything you hear about filing bankruptcy. It's not all true.
- Everyone will know I've filed for bankruptcy.
- All debts are wiped out in Chapter 7 bankruptcy.
- I'll lose everything I have.
- I'll never get credit again.
- If you're married, both spouses have to file for bankruptcy.
PROTECTING YOU FROM CREDITORS
If you are looking for a seasoned and successful bankruptcy attorney who can guide you through these difficult times, we can help. Whether you are an individual or you own a business, you are entitled to a fresh start without fear of creditor harassment or reprisals.
If you are struggling to catch up on credit cards, medical bills, payday loans or other unsecured debts despite your best efforts, Chapter 7 bankruptcy may be an option for you.
Chapter 7 bankruptcy is often referred to as liquidation because a bankruptcy trustee can liquidate (convert to cash) your non-exempt assets to pay part of your outstanding bills.
The term liquidation is rather misleading, though, since most people filing bankruptcy in Chapter 7 cases do not have any non-exempt assets and thus there is no actual liquidation.
The Means Test
To qualify for a Chapter 7 Bankruptcy, your household income needs to be below the median income for the State. There are exceptions to this rule. We will help you determine whether Chapter 7 or Chapter 13 bankruptcy is the right direction for you. We will guide you in preparing and filing the necessary paperwork. We can also help with alternatives to filing for bankruptcy.