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[su_spoiler title=”How Does Bankruptcy Help?” icon=”caret”]

Bankruptcy was created by Federal Law to put YOU, the debtor, in control and stop harassing creditors from taking advantage of you.

The Bankruptcy laws put you in control by immediately stopping all creditor collection activities and allowing you to either discharge debts or activate a re-payment plan that works for you.

There are different Bankruptcy laws for every situation with the laws organized into specific “Chapters.” See below to see what might be right for you.

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[su_spoiler title=”Is Chapter 7 Bankruptcy Right For Me?” icon=”caret”]
Chapter 7 Bankruptcy may be right for you if you don’t own a home or have income below a certain level (see the “Means Test”). Chapter 7, with its “Automatic Stay” provision, puts an immediate STOP to all creditor collection actions and provides for a complete discharge of all of your debts with a few exceptions such as student loans.
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[su_spoiler title=”Is Chapter 13 Bankruptcy Right For Me?” icon=”caret”]
Chapter 13 Bankruptcy may be right for you if you have too much income according to the “Means Test” or if you have a home you want to stay in. Chapter 13, with its “Automatic Stay” provision, puts an immediate STOP to all creditor collection actions and then provides for a discharge of certain debts and a re-payment plan that you can afford for others.
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[su_spoiler title=”What Is The Difference Between Chapter 7 and Chapter 13 Bankruptcy?” icon=”caret”]
Chapter 7 results in a total discharge of all debts and takes a few months to complete. Chapter 13 involves developing a restructuring plan you pay certain debts and discharging others over three to five years. Both Chapters provide for the Automatic Stay immediately stopping creditors from harassing you with debt collection actions.
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[su_spoiler title=”Reasons To File Bankruptcy” icon=”caret”]
Life’s events sometimes make it hard or impossible to pay our debts. Events such as a serious medical event, a divorce, loss of employment or other event with a financial impact. Sometimes we find ourselves with too much credit card debt, a mortgage that we just can’t pay anymore or medical bills that are not covered by insurance. These are not things to be embarrassed by or feel badly about. They can happen to anybody. The Bankruptcy Laws are designed to help you.
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[su_spoiler title=”Is Bankruptcy Immoral Or A Sign Of Failure?” icon=”caret”]
Absolutely Not! The Bankruptcy laws are designed to help you. Bankruptcy, is a time-honored form of debt relief with many of its provisions included in the Constitution of the United States. Many famous Americans have filed for bankruptcy and have gone on to achieve great successes in their fields. For these illustrious Americans, bankruptcy was a stepping-stone along the path to success, not failure in the long run.
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[su_spoiler title=”Will Bankruptcy Ruin My Credit Score?” icon=”caret”]

Although this is certainly an intelligent question, it quickly becomes irrelevant for many debtors. If you are approaching bankruptcy and your credit score is still intact, you may be acting in time to escape the worst damage that would otherwise lie ahead for your credit score.

Most people considering Bankruptcy are already behind on payments and have already experienced a decline in their credit scores. Filing bankruptcy will leave a mark on a credit score for up to 10 years, but the elimination of debts brings about a financial fresh start. Improvement in one’s credit rating occurs substantially within the first six months to a year after bankruptcy for many people. Most of our clients receive offers for auto loans and credit cards within a very short time after bankruptcy. Some qualify for mortgages at market rates within two years.

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[su_spoiler title=”Should I Use My Retirement Account To Pay Off My Debts?” icon=”caret”]
Retirement accounts are protected along with certain other exempt assets in Bankruptcy. DO NOT use your retirement account to get yourself out of debt. Bankruptcy is designed to help you and save your retirement account.
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[su_spoiler title=”Are Debt Settlement Services An Alternative?” icon=”caret”]
Debt settlement may be a good option if you owe only one or two creditors, such as a health care provider or one credit card. For others, they are not effective and come with very large fees. Please talk to us first.
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[su_spoiler title=”What is the Bankruptcy Means Test?” icon=”caret”]
In order to qualify for a total discharge under Chapter 7 Bankruptcy, you must pass a means test which calculates your effective income after all of your expenses. If your income is too high, you may be required to file under Chapter 13 Bankruptcy. We will run the test for you and give you the proper advice.
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[su_spoiler title=”What Is The Automatic Stay?” icon=”caret”]
The “Automatic Stay” is a provision of Bankruptcy law that prohibits creditors from attempting to collect debts. It goes into effect immediately when a debtor files with the bankruptcy court. This is the most effective tool provided by Bankruptcy. It stops wage garnishment, bank account seizure, auto repossession lawsuits and all of the harassing phone calls and letters immediately. It takes the power away from harassing creditors and puts you in control of your financial situation.
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[su_spoiler title=”What Will Happen First, Second Third When I File A Chapter 7 Bankruptcy?” icon=”caret”]

First, we will help you list all your debts, assets and income and develop a complete statement of your financial affairs. We will evaluate your situation and give you the proper advice then prepare and submit all of the necessary forms to the Bankruptcy Court.

Immediately, the ”Automatic Stay” goes into effect and all debt collection actions will cease. Approximately 30 days later, we will accompany you to a bankruptcy hearing (the “341 hearing”) with the bankruptcy trustee who manages your bankruptcy case. Approximately 60 days after the hearing, you will receive notification of your debt discharge.

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[su_spoiler title=”What Will Happen First, Second Third When I File A Chapter 13 Bankruptcy?” icon=”caret”]

First, we will help you list all your debts, assets, and income and provide information about your monthly living expenses resulting in a complete statement of your financial affairs. We will evaluate your situation and give you the proper advice then prepare and submit all of the necessary forms to the Bankruptcy Court and proposed either a 36 month or 60 month repayment plan.

Immediately, the ”Automatic Stay” goes into effect and all debt collection actions will cease. You will start making your monthly payment to the Bankruptcy Trustee right away. Approximately 30 days later, we will accompany you to a bankruptcy hearing (the “341 hearing”) with the bankruptcy trustee who manages your bankruptcy case. Approximately 30 days after the 341 hearing, you will receive confirmation of your repayment plan from the Court. At the end of your repayment plan, your case will be discharged.

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[su_spoiler title=”What Will Happen At My Bankruptcy Hearing (“341 hearing”) And How Can I Prepare?” icon=”caret”]
Together we will meet with a bankruptcy trustee, who will verify the information in your bankruptcy filing. It’s as simple as that: in most cases, this hearing is very brief. Other than bring a few documents with you, there is nothing to prepare for.
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[su_spoiler title=”Is It Hard To File Bankruptcy?” icon=”caret”]
Once we have decided together that Bankruptcy is right for you, we can get started right away. You will collect all of the financial information required to complete the court documents and we will do everything else. We can do most of our communicating with you by email or over the phone. You will only have to attend one meeting with the Bankruptcy Trustee (the “341 hearing”).
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[su_spoiler title=”How Can I Get Started?” icon=”caret”]
The simplest way to get started is to send us an email or give us a call to set up a free one-hour consultation and let us explain to you exactly how we can help you. We will listen to your specific situation, advise you of the right course of action and get started as soon as you are ready. Click here to get a Free Evaluation of your situation.
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[su_spoiler title=”How Much Does Bankruptcy Cost?” icon=”caret”]

Chapter 7 Bankruptcy fees vary depending on the complexity of your case.  Click here for our Cost To File Bankruptcy.

Chapter 13 Bankruptcy is more complex than Chapter 7 and has higher fees.  Click here for our Cost To File Bankruptcy.

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[su_spoiler title=”I Cannot Afford To Pay Attorney Fees, But I Really Need To File Bankruptcy. What Can I Do?” icon=”caret”]
We offer installment plans for paying legal fees. Talk to us about your situation and we can work something out that can work for you. In Chapter 13 cases, a substantial portion of the legal fee can be paid after you file.
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