Economic downturn cycles or personal crisis, such as divorce, loss of job or unexpected medical emergency, could leave anyone in financial ruins. Whether you are an individual or a married couple overwhelmed by bills, chapter 7 or chapter 13 bankruptcy may help you through your tough times.
If you are a business owner, considering Chapter 11 reorganization; or a farmer considering chapter 12; you need the advice and guidance of an experienced and trusted bankruptcy attorney. Your lawyer can help determine which form of bankruptcy is right for you.
Chapter 7 – New Start
Chapter 7 Bankruptcy allows you to retain essential (exempt) property. Non-exempt property, if any, is sold and proceeds distributed to creditors. -Wipes out unsecured debts like credit cards, medical bills, payday loans and some personal loans.
Chapter 13 - Protect Assets
Chapter 13 Bankruptcy allows you to keep all or some of your assets and work out a schedule for repayments with future income.
-Stops the foreclosure or repossession of secured debt (your house or car)
-Prevents seizure of your valuable assets by creditors – 100% protection
-Lets you catch up on outstanding delinquent payments over time (36-60 months)
-Can eliminate a portion of your unsecured debt
Chosen Lawyers are ready to defend your rights and put an immediate stop to creditors’ nasty calls. Then, they will devise and implement the best remedy for your dilemma!
For a Free case evaluation, please CONTACT Chosen Lawyers, right now, because when it comes to legal matters, time is of the ESSENCE!