Filing Bankruptcy with Gasser Law, PLLC
If you're considering bankruptcy, you have two main options: Chapter 7 and Chapter 13, each designed to address different financial situations. Chapter 7 offers a fresh start by eliminating most unsecured debts, while Chapter 13 allows you to reorganize and repay your debts over time. Your eligibility for either option depends on factors such as income, debt level, and assets. Our experienced attorneys can help you assess your situation and determine the best option for your financial future. Contact us today to get started.
Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy can provide a fresh financial start by eliminating most unsecured debts, including credit cards, medical bills, and personal loans. This process, often referred to as "liquidation bankruptcy," involves the sale of non-exempt assets to repay creditors, but most people are able to keep their essential property. Chapter 7 is ideal for individuals who have little or no income to repay their debts and who meet specific eligibility requirements. Our experienced bankruptcy attorneys are here to guide you through the entire process, from evaluating your eligibility to filing the necessary paperwork, and ensuring you understand the potential impacts on your financial future. If you’re overwhelmed by debt and need relief, Chapter 7 may be the solution. Contact us today for a consultation and take the first step toward a debt-free life.
Chapter 13 Bankruptcy
Filing for Chapter 13 bankruptcy can help you regain control of your finances by allowing you to reorganize your debts into a manageable repayment plan. Unlike Chapter 7, which discharges most debts, Chapter 13 enables you to keep your property and make affordable monthly payments to creditors over a 3 to 5-year period. This option is ideal for individuals who have a steady income but are struggling with overwhelming debt or are facing foreclosure, car repossession, or wage garnishment. Chapter 13 can also help you catch up on missed mortgage payments and other secured debts while protecting you from collection actions. Our experienced bankruptcy attorneys will guide you through the complexities of Chapter 13, ensuring that you understand every step of the process and helping you create a plan tailored to your financial situation. Contact us today to explore how Chapter 13 can provide a pathway to financial stability and a brighter future.