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Personal Bankruptcy

The Problem

It all happened so quickly. You lost your job, or your second job, or your overtime was cut, or your tenant moved out without warning and you can't find a replacement, and now the financial house of cards that you struggled so hard to keep standing has come crashing down around you. Mortgage payments, credit cards, medical bills, the car loan, your kid's tuition... You are deeper in debt every week and there is no relief in sight.

How I Can Help

The first thing I will do for you as your attorney is interview you and review your finances closely to see if bankruptcy is appropriate for your situation. If it is, I will educate you on the differences between the two kinds of bankruptcy available to most consumers: Chapter 7 and Chapter 13. 

Clearly, Chapter 7 is the most desirable type of bankruptcy: it is relatively inexpensive, it is over in about three months, and it can wipe out your unsecured debt completely and truly leave you in a position to make a fresh start with your finances.

However, not everyone can qualify for a Chapter 7.

Our first stop would be to see if you can qualify for our Express Chapter 7 program, which is the the least expensive and quickest of our two Chapter 7 programs. If you rent your residence and don't own a house, condo or coop and you have low-to-moderate income and assets, you should be able to qualify for an Express Chapter 7. Please following this link to the Express Chapter 7 page for a more complete explanation of the requirements and features of an Express Chapter 7.

If you don't qualify for an Express Chapter 7, you can still qualify for our Full Service Chapter 7 program. Generally speaking, a Full Service Chapter 7 is suitable for persons who own a house, condo or coop with low-to-moderate equity and/or who have other reasonably significant assets and/or who have a household income that is average or slightly above average. Full Service Chapter 7's are generally more complex and time consuming than Express Chapter 7's. Please follow the link to the the Full Service Chapter 7 page to read more about our full service program.

If you don't qualify for either Chapter 7, we will discuss whether filing a Chapter 13 bankruptcy would be in your best interest. If you own property with a great deal of equity and/or the value of your other assets and your household income are significant, you still can deal with your debt through a Chapter 13 bankruptcy. In a Chapter 13 you may end up paying at least some of your debt over the course of a five year payment plan, but you will also be able to maintain possession of all your assets. Please follow the link to the the Chapter 13 page to read more about that program.

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