Bankruptcy
Maxed out? Stressed Out? Ready for a clean slate? Welcome to the right place.
What is Bankruptcy?
There are different types of Bankruptcy, but we help with Chapter 7 which allows you to discharge your debt without repaying creditors.
Receiving phone calls from a creditor can be overwhelming, but when they sue you, or worse, start to garnish your wages it can be impossible to pay off other debt.
This leads many people to decide if filing bankruptcy is the right choice.
Chapter 7 Bankruptcy is an option if you are concerned about insolvency - which means your debts and expenses are more than your assets and income. However, sometimes you are not insolvent or you might not qualify for bankruptcy, so Debt Consolidation, or consolidation in a Chapter 13 or Chapter 11 Bankruptcy are alternatives.
Determining what options are best requires a bankruptcy attorney aka us! We can help you evaluate all your options so you can make the right choice.
What Should I Know About Bankruptcy?
Here is a quick video to give you an overview and answer the most common questions.
How much does it cost?
It depends. We charge flat rates and offer affordable payment plan to fit your budget.
How long does it take?
It depends how quickly you need to file- but usually less than 6 months.
Do I Qualify?
Let's find out. We will evaluate all your options to figure out what is your best path moving forward.
How long does bankruptcy hurt my credit?
If you need to file bankruptcy, your credit may already be in bad shape- so after your Bankruptcy is discharged your credit will likely improve. You could be back above a 680 FICO within 60 days after your discharge if you re-establish credit, pay everything on time, and check your credit to make sure all errors are corrected. We can help you with Credit Repair and Credit Counseling for free as part of our Bankruptcy service plan.
The Bankruptcy is a public record and will report for 10 years, and the accounts you discharged will report for 7 years.
Typically, you can qualify for most types of financing immediately after a Bankruptcy (e.g. credit cards and car loans). Also, most mortgage lending guidelines allow you to qualify for mortgage financing 2 years after a Bankruptcy.
Are there alternatives to Bankruptcy?
Yes! Debt Settlement or Debt Consolidation are just a few. We can help you decide whether bankruptcy is right for you.