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Free Phone Consultation to Discuss Bankruptcy Relief

Let's discuss your options under the Federal Bankruptcy Law. We know you may have understandable reluctance to take this step. To help, we intend to make sure you have a great experience with our office! It’s bad enough suffering with the anxiety which comes from debt let alone dealing with an unsympathetic, expensive, or inexperienced law firm who wants you to do things on its terms. We believe bankruptcy should be confidential, convenient, professionally handled and competitively priced. It is important to carefully evaluate your budget and circumstances before choosing which type of bankruptcy to file. In Chapter 7 bankruptcy you jump to the end of the process right away and all of your unsecured debt is forgiven without a payment plan. However, you must be able to demonstrate you have no reasonable ability to repay even a portion of your debt in order to qualify for Chapter 7. Otherwise, you risk what’s called a “bad-faith” dismissal of your case altogether. There are significant pros and cons in choosing which type of bankruptcy to file. That’s why experienced attorneys do a thorough evaluation first. The alternative is a milder form of bankruptcy relief called Chapter 13.. A good way to think about Chapter 13 “Ability Based Bankruptcy Relief” is as follows: “You do your best, they dump the rest.” In other words, you make a 3 to 5 year commitment to pay whatever your budget says you can afford on all of your unsecured debt (with one monthly payment through a bankruptcy trustee) and at the end of the case the rest of your debt including interest and late fees will be forgiven. Examples of unsecured debt are credit card debt, medical bills, repossessions and foreclosures. As a general rule if you can afford at least $200 per month for this purpose you should consider Chapter 13 bankruptcy.

Free · 20 minutes


David Garrett