Do you want to file for personal bankruptcy protection, but are not sure if you qualify or which chapter to file under?
If you're like me, you probably can't afford to pay attorney consultation fees just to find out if you qualify for bankruptcy and to learn which chapter is best for your situation.
Filing bankruptcy is a serious decision. One that requires professional advice to ensure you file under the right chapter of the federal bankruptcy code. Entering chapter 7 bankruptcy may be your best option if you have no money or assets. On the other hand, if you own a home, car, land, or other major assets, then chapter 13 might be a better option. If you own a business or operate a farm, then filing under chapter 11 or 12 is the way to go.
Find out if bankruptcy is right for you. Use this form to request a FREE consultation with a qualified bankruptcy attorney in your local area.
Chapter 7 bankruptcy is a straightforward process. It provides an "order of relief" that triggers an "automatic stay" which prohibits all creditors and collectors from pursuing you or your property outside of the bankruptcy proceeding. This is especially important if you've received a foreclosure notice! Chapter 7 relief is available to individuals regardless of the amount of their debt and whether or not they are solvent or insolvent. Chapter 7 Bankruptcy, learn more...
Chapter 13 bankruptcy is often the solution of choice for people who have a lot of secured debt, such as car loans and mortgages, and want to keep the property that serves as security for the loans. Under Chapter 13 bankruptcy, you enter into a repayment plan that allows 3-5 years to catch up on past due payments. Chapter 13 Bankruptcy, learn more...