Are you overwhelmed with debt? Are your wages being garnished? Is your home about to be foreclosed? Is your car about to be repossessed? Are you drowning in student loan debt?
Do you want to get rid of your debts and keep everything you own? Do you need additional time to catch up on your mortgage payments or your car payments? We can make this happen by filing either a chapter 7 or a Chapter 13 bankruptcy.
We can make your debts disappear. We can stop your wages from being garnished. We can stop the foreclosure of your home. We can make sure your car will not be repossessed.
If a Chapter 7 bankruptcy is done correctly, you will be able to wipe out all your debts and keep all of your property. If a Chapter 13 Bankruptcy is done correctly, you will get the additional time you need to catch up on your house and car payments and get your debts under control.
The first thing we will have to do is to decide which type of bankruptcy will best suit your needs. Chapter 7 is best for people with a lot of consumer debt like credit card bills or doctors bills. Chapter 13 is best for people who are trying to hang on to an asset like a house or a car.
The next thing we need to do is to decide which type of bankruptcy you are qualified to file. Not everyone can file a Chapter 7 because there are income limitations and various government tests you have to satisfy before you can file a Chapter 7. Similarly, Chapter 7 would not be appropriate for someone who has a lot of equity in their home or other assets. If you have a lot of equity in your home and you want to keep it, a Chapter 13 would work best for you.
A Chapter 7 bankruptcy will take about three months from the date we file. A Chapter 13 is a longer term process involving making payments based in either a three or a five year plan.
Bankruptcy Cases We Specialize In
In order to make a decision about what type of bankruptcy will; best suit you, we will have you fill out a questionnaire and provide us with six months of pay stubs, last years income tax returns, two months of bank statements and your most recent mortgage or car loan bill. Common cases include:
We do bankruptcies on a flat fee basis and we will take into account the amount you are earning. Our goal is to try to help everyone we can. Please call to discuss your case today (703) 351-5015.
While filing bankruptcy will have an effect on your credit, most people’s credit scores actually go up after filing. Getting your credit under control is what bankruptcy is all about.
Filing a Chapter 13 Bankruptcy will stop a foreclosure and give you time to catch up on your debts.
File a Chapter 7 to wipe out your debts. File a Chapter 13 to reorganize and to save your house or your car.