Bankruptcy Basics

 

Bankruptcy is designed to give you relief from your creditors. While bankruptcy may turn out to be the best solution for your financial situation, we encourage you to sit down for a free consultation with one of our attorneys to determine if bankruptcy is right for you your family's financial situation.  Sometimes, if we catch things at the right moment, a bankruptcy may not be necessary, or it may turn out that another form of relief is better suited for your individual situation.

 

A Chapter 7 bankruptcy will stop a foreclosure or repossession immediately. It wipes out all of your unsecured debts such as credit cards. It gives you the "fresh start" you deserve.  Further, West Virginia, Ohio, and Kentucky offer exemptions for real and personal property up to certain amounts in a Chapter 7 Bankruptcy.  In most cases, individuals will not lose any property in a Chapter 7, and your attorney will help you use these exemptions to your benefit.  For additional general information on Chapter 7 bankruptcy, click here.

 

A Chapter 13 bankruptcy will stop a foreclosure or repossession immediately and spread your missed payments out over 60 months. If you have a monthly income, a Chapter 13 will help you "catch your breath" and allow for repayment of your debts based upon your income. You can keep your home and car in Chapter 13.  For additional general information on a Chapter 13 bankruptcy, click here.

 

Click here to learn more about Chapter 11 Bankruptcy.

 

A Chapter 11 bankruptcy is designed for corporations, small businesses, and high income individuals looking to reorganize.  Please click here for more information about Chapter 11 bankruptcy.

 

Even if the foreclosure or repossession is scheduled for tomorrow, we can STOP it in its tracks. It doesn't matter how far behind you are or how much you owe. Bankruptcy will protect your home and car from foreclosure.

 

The new bankruptcy laws do not affect this relief. Your income level does not affect this type of relief. Everyone qualifies for bankruptcy relief regardless of your income or previous bankruptcies.

 

When you meet with us, please bring the following:

 

    •  Last Federal Tax Return

    •  Your Last Pay Stub

    •  Lawsuit or Foreclosure, Repossession
        Documents you have received.

 

 

11 USC § 528 Compliance Statement:  We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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