Bankruptcy Lawyer for Chapters 7 and 13

If you are in personal financial difficulty and having a hard time finding your way out, filing Chapter 7 or 13 bankruptcy may be a viable solution to help you get back on your feet. Credit cards that have gotten out of hand, medical bills with compounding interest, home foreclosures, and harassment of creditors can be relieved with the right help. Consider a bankruptcy lawyer to help you get your life back and give you a fresh financial start.

There are several different types of bankruptcy and the right bankruptcy lawyer can help you determine which is the best way to ensure you get back on your financial feet. Many attorneys will tell you that Chapter 7 is the cheapest, easiest, and fastest way to get rid of overwhelming debt. While it is available to almost all parties including individuals, married couples, businesses, and corporations, Chapter 7 is the best fit for individuals with limited income. Individuals, corporations, and partnerships with large amounts of assets that need to be protected from liquidation would do better with a different form of bankruptcy.

On the other hand, Chapter 13 is popular with companies, corporations, partnerships and married couples that would like to retain their assets, prevent foreclosure on their home, avoid property repossessions, prevent creditor calls, and permit the individual or organization to make debt repayments over time. Restructured debt repayment terms allow many individuals and organizations to make the most of a bad situation. They are able to stay accountable for their debt, but avoid many of the trials and tribulations that go along with being deeply in debt to creditors.

It is important to keep in mind that even the best bankruptcy lawyer cannot absolve you of all financial responsibilities. There are many situations that you must continue paying through even if you file Chapter 7 or 13. Child and spousal support payments, embezzlement or fraud debt, tax advantage retirement plan debts, malicious injury debts, and certain types of taxes are not covered under these types of bankruptcy. As such, you should be prepared to take this into consideration when finalizing your debt repayment plan.

Hiring a bankruptcy lawyer with experience in your particular situation is the best way to ensure that you are able to navigate the complicated court system with the best results. Simple cases in which the individual does not own any assets may be easy enough to file on your own, but anything more complex should involve the skill and expertise of an attorney that can provide honest and straightforward advice. Legal advice and practical solutions are worth their weight in gold within a system that is intimidating at best and can be downright confusing. Most attorneys will offer free initial consultations when meeting with you to discuss your bankruptcy needs.