Bankruptcy - Liquidation
Chapter 7 allows individuals to eliminate debt. Credit cards, loans, medical debt, some taxes, past repossessions, past rent, past utilities, and many other types of debts can be eliminated in a chapter 7, if you qualify. Your income should be below a certain amount to qualify for a chapter 7. Most people that file chapter 7 do not lose any of their property.
Bankruptcy - Reorganization
Chapter 13 is a payment plan that allows individuals to reorganize debt. Sometimes people file chapter 13 to stop a foreclosure of your home and pay the mortgage through the bankruptcy, or stop a repossession of a vehicle and pay the vehicle through the bankruptcy. Chapter 13 is also filed by higher income individuals or others that might not qualify or prefer to file a chapter 13 payment plan.
STOP/DEFEND LAWSUITS, BILLS / DEBT
Filing bankruptcy may stop debt collection lawsuits, eliminate many kinds of debts, and stop creditor harassment.
Alternatively, we also represent debtors in debt collection lawsuits.
Filing bankruptcy may stop foreclosures of your home, and also repossessions of motor vehicles. You can pay off the balance of your car through the chapter 13 payment plan, and the past due mortgage payments and ongoing mortgage payments through the chapter 13 payment plan as well.