Rather than viewing bankruptcy as the end, think of bankruptcy as a new beginning. If you are struggling in your financial situation and feel overwhelmed, we are here to help. Bankruptcy offers a way to consolidate your debt, and in some cases discharge your debt and begin anew. 

Chapter 7 bankruptcy refers to a complete liquidation and discharge of your debt while still being able to keep certain assets protected by state law. Chapter 7 bankruptcy typically is used when the debtor does not have the ability to pay their debt, or is financially insolvent. A bankruptcy trustee renders decisions as to how the debt will be discharged, and which assets can be kept by the debtor.

Chapter 13 bankruptcy is typically used when a debtor with regular income wishes to pay all or most of his/her debts in installments over a period of time. A trustee determines the amounts to be paid and priority of creditors who will receive their payments from the debtor. 

If you are considering filing for bankruptcy, please give us a call. We will provide you with an honest and complete assessment and educate you as to your options. Please contact us for a free case evaluation.

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