Bankruptcy is a legal process that allows individuals and businesses to wipe out or pay back some or all of their debt.
There are different chapters under which individuals can file for bankruptcy. The most common chapters are 7 & 13.
Chapter 7 allows those who qualify to wipe out certain debt such as credit card debt, medical bills, judgments, unsecured loans, car loans, certain taxes, auto accident claims (except DUI), collection accounts, and judgments. It also allows persons to exempt or keep certain property.
Chapter 13 is used by people with regular income. It allows them to pay off some or all of their debt over time. It can also be used by those who do not qualify for a chapter 7.
Filing bankruptcy is not just a financial decision but an emotional and personal one. While I cannot make the decision for you, I can provide legal advice and help you through the process should you decide to file.
Filing bankruptcy can be an overwhelming decision. We understand and we are here to help you. At Douglas Law we consider you an extension of our family. From our first meeting through the bankruptcy process our goal for you is simple: protect your interests, solve your legal problem, and celebrate your victory. If you are in need of legal advice, we offer professional, knowledgeable, and compassionate service.
Call our office today and schedule a consultation.
Phone: (909) 342-6229