Are you struggling each month to make ends meet and facing a mountain of debt? Have you fallen behind on your bills and now your phone is ringing non-stop with debt collection calls? Does your stomach knot up every time you walk to the mailbox because you know a pile of past-due bills is waiting?

The stress of debt can be overwhelming. If you’re deep in debt it’s time to explore if bankruptcy is the right choice for you. Bankruptcy may give you the debt relief you need.

The Relief You Can Get in a Chapter 7 Bankruptcy

There are two different chapters of personal bankruptcy: Chapter 7 and Chapter 13. Which chapter is right for you will depend on the specifics of your case.

Chapter 7 is generally the quickest and most common chapter. Chapter 7 can erase most unsecured debts, including credit card and medical debts. Also, bankruptcy puts an immediate stop to collection action from your creditors. This means the collection calls will stop, and you will no longer find a pile of past-due bills in your mailbox.

Chapter 7 bankruptcy can:

  • Erase most unsecured debts.
  • Stop all collection action, including harassing phone calls from creditors, wage garnishment, and stops lawsuits filed by creditors.
  • Allow you to keep your car and your home, depending on your specific situation. It is more likely that you can keep your car or home if your payments are current and there is not significant equity.
  • Give you the fresh financial start you deserve.

Chapter 13 bankruptcy offers most of the same benefits of chapter 7, though there are a few additional benefits and the process operates differently.

The Relief You Can Get in a Chapter 13 Bankruptcy

Chapter 13 bankruptcy creates a 3 to 5-year repayment plan to pay back some or all of your debts. This option is ideal for some, including homeowners who are behind on mortgage payments or have an underwater second mortgage. Chapter 13 also puts an immediate stop to collection action from your creditors.

Chapter 13 bankruptcy can:

  • Stop foreclosure and allow a homeowner to catch up on mortgage arrears.
  • In some cases, allows a homeowner to “lien strip” or eliminate a second mortgage.
  • Creates an opportunity to catch up on missed car payments.
  • Creates an opportunity to catch up on other missed payments, such as back taxes or child support payments.
  • At the conclusion of the bankruptcy, any remaining credit card debt, medical bills, or other unsecured debts, and some tax debts, are discharged.
  • Stop all collection action, including harassing phone calls from creditors, wage garnishment, and lawsuits filed by creditors.
  • Give you the fresh financial start you deserve.

Bankruptcy is a Powerful Tool

Both Chapter 7 and Chapter 13 are powerful tools to give you the relief from debt that you need.

At the Law Office of Barbara B. Braziel we file hundreds of Chapter 7 and 13 bankruptcy cases every year. But our clients are never just a number. You will not be left in the hands of a paralegal. You will have access to your attorney throughout your bankruptcy case.

We are here to give you the fresh start you deserve. Call us today at (912) 351-9000 or contact us via the web to schedule a free consultation.

 

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.