At Scheinbaum & West, LLC, we are dedicated exclusively to helping individuals and families who are going through financial difficulties. Many good people get laid off from work, suffer a disability, or encounter other hardships that cause them to fall behind on their financial obligations. There are times when being in a financial hole can put undue stress on you and everyone around you.
When your payments are too much for you to manage, and you are having difficulty catching up, bankruptcy may be the best option. Also known as a "straight" or "liquidation" bankruptcy, Chapter 7 allows filers to eliminate most unsecured debts. Debts that can be discharged through Chapter 7 include credit cards, payday loans, unsecured personal loans, medical debt, etc.
When your payments are too much for you to manage, and you are having difficulty catching up, bankruptcy may be the best option. Also known as a "straight" or "liquidation" bankruptcy, Chapter 7 allows filers to eliminate most unsecured debts. Debts that can be discharged through Chapter 7 include credit cards, payday loans, unsecured personal loans, medical debt, etc.
Services
I have been a consumer bankruptcy attorney since 1983, working for both Debtor law firms and Creditor law firms. Since 1999, I have been a partner in two bankruptcy law firms representing Debtors in both Bankruptcy (Chapter 7) and debt reorganization (Chapter 13). Since 2005, I have been a partner in Scheinbaum & West, LLC.
Many good people wind up in financial trouble because of challenging circumstances such as a job loss, an expensive medical issue, and other adverse conditions. This can lead to mounting debt with little hope of paying it back, causing enormous stress for individuals and their families. In these types of situations, one of the best ways to get back on your feet financially is through bankruptcy.
If you are drowning in debt with little income with which to repay, bankruptcy may be a good way to get a fresh start. The most common type of consumer bankruptcy is Chapter 7. Also known as a "straight" or "liquidation" bankruptcy, Chapter 7 bankruptcy forgives most unsecured debts, allowing debtors to obtain a new lease on their financial life.
Many individuals have difficulty keeping up with their monthly financial obligations. For those with low income and not much hope of paying off their debts, Chapter 7 bankruptcy may be a good option. For those with more income who are still having trouble paying their monthly bills, Chapter 13 bankruptcy may be a better option.
Having financial problems can be highly stressful for you and your family. Harassing phone calls at home or work, calls to family and friends, threatening letters, creditors showing up at your door, and civil judgment actions can quickly wear you down. Most debt collectors have no sympathy for your situation, and they often push the limits of what is legal in order to collect as much money as possible.
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Michael Mapps
Nov 16, 2019
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