Many people do not consider researching bankruptcy attorneys and services until they are in dire financial straits. There are often misconceptions about what it takes to qualify for bankruptcy and what bankruptcy actually entails. The reality is that many middle class people in America do qualify for bankruptcy. It is, at its heart, a valuable economic option for people that have come onto hard times.
Why Choose Our Bankruptcy Attorneys?
- We’ve delivered top-rated legal service since 1975.
- Our founding lawyer has a perfect 10.0 Superb Avvo Rating.
- Winners of Daily News Readers’ Choice for Best Attorney.
- We can help with every step of the bankruptcy filing process.
- Werner Law Firm founder named as The Nation’s Top One Percent attorneys in 2015 by the NADC.
Even if you have not reached the point where you need to consider bankruptcy, it is extremely valuable to know your legal options and to plan accordingly. If you are experiencing financial difficulties and want a general overview of your options, feel free to contact Werner Law Firm’s bankruptcy attorneys today. We would be happy to meet with you and discuss your unique and legal situation.
Chapter 7 Bankruptcy
Chapter 7 involves a flat discharge of unsecured debt, enabling clients to walk away from thousands upon thousands of dollars’ worth of debt. Individuals are eligible to file a Chapter 7 bankruptcy only once every 8 years. Consult with one of our bankruptcy attorneys to learn if Chapter 7 is the right choice for you and your specific situation.
Through Chapter 7 bankruptcy, you can discharge the following:
- Medical bills.
- Payday loans.
- Personal loans.
- Various judgments.
Chapter 13 Bankruptcy
Chapter 13 involves a repayment plan spanning a period of three to five years. When you file for Chapter 13 bankruptcy, the court will consider your income and living expenses and calculate out how much you can afford to pay to creditors. You will then pay that amount to the bankruptcy trustee, who will divide it among creditors. While you might only pay off a portion of the debt through the duration of the plan, you still discharge the remaining debt.
For example, say you have credit card debt of $15,000. If your Chapter 13 plan called for payments of $150 a month for 3 years, you would only pay a total of $5,400.00 ($150 x 36 months), but you would discharge the full $15,000 worth of debt. As a result, Chapter 13 can help you avoid foreclosures, catch up on mortgage arrears, and lien strip a second mortgage.
Bankruptcy Attorneys You Can Trust
Not sure which type of bankruptcy is right for you, or whether you should pursue bankruptcy at all? The beauty about bankruptcy is that our lawyers can review your financial situation, spot any red flags, and plan the best approach moving forward before we file anything with the court. We offer the seasoned counsel needed to seek an appropriate means of financial relief.
Our firm has handled hundreds of bankruptcies over the years, helping our clients get rid of judgments and massive debts, and enabling them to stop wage garnishments, lawsuits, creditor/collection company calls, and foreclosures. We would be happy to offer a free evaluation of your case, and figure out a game plan to move forward.