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If you can not longer pay your bills, the collections have started,, the phone rings all the time,, the collection letters keep coming, you are totally stress out… Bankruptcy is for you!!
You can get rid of all the hassling calls and keep your home, car and get a new start!
In some cases ALL credit cards are wiped out and if your home is upside down (owing more than it is worth) you can get rid of your second mortgage and Line of credit!!
The stated goal of federal bankruptcy law is to provide the honest debtor with a fresh start.
A bankruptcy case is commenced by the filing of a petition. YOU NEED A LAWYER!! You must also file a statement of your assets and liabilities and schedules listing your creditors. You can do this Very easy!! Just get a credit report! This will list all your debts!!
The property a debtor can keep through the bankruptcy is determined by the specific exemptions available under state law. Chapter 7 and Chapter 13 are the two main chapters under which individuals can file personal Bankruptcy. Chapter 7 Bankruptcy is a liquidation of assets while Chapter 13 Bankruptcy is a reorganization where the debtor creates a three to five year payment plan.
The primary reasons for filing personal bankruptcy are unforeseen medical expenses, Falling Equity & Home Prices , Mortgage Resetting, excessive credit card debt, loss of employment, Cut back in work and divorce.
Bankruptcy is a important decision and the law and it application to one's particular situation can be very complicated. It is STRONGLY recommend that one consult with DRIGGS LAW GROUP an with experienced professional in the personal bankruptcy field.
702.755.2981
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