Chapter 7
A Chapter 7 bankruptcy will eliminate all your unsecured debt. There are a few exceptions,
such as student loans, certain taxes and child support obligations. However, not everyone
qualifies for a Chapter 7. If you make over a certain gross amount you may not be able to
do this type of bankruptcy. If you have property worth above the allowed exemptions, you
may not want to do a Chapter 7 bankruptcy.
Chapter 13
Chapter 13 will stop a foreclosure. Over a period of 3 to 5 years you can catch up on your
arrearages. The amount that you repay on your unsecured debt is determined by either
your income and/or non-exempt assets.
Initial Meeting
At our meeting we will determine which type of bankruptcy is best for you.
| Bankruptcy and Financial Services for Debt Relief |
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mortgage foreclosure |
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wage garnishment |
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credit score |
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car payments |
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lawsuits |
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what property you can keep |
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taxes |
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matrimonial obligations |
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leases |
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retirement plans |
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