I know the decision to file for Bankruptcy is not easy, and before you make a decision about filing you need answers from someone in whom you have confidence. When you come to my office to gain the information and knowledge you want about filing for Bankruptcy, you will be met by staff members who understand your situation.
You will then meet personally with me to get the answers you need before making any Bankruptcy decisions. Once we meet, I am confident you will fully understand the options available to you in Bankruptcy, and I am confident you will know I will have a direct hand in every decision related to your case.
You will then meet personally with me to get the answers you need before making any Bankruptcy decisions. Once we meet, I am confident you will fully understand the options available to you in Bankruptcy, and I am confident you will know I will have a direct hand in every decision related to your case.
Services
Stopping foreclosure is another positive side effect from filing for Bankruptcy. If your house is being foreclosed on, due to a failure to make mortgage payments, the filing of a Bankruptcy will put a hold on the process. This occurs in both a Chapter 7 Bankruptcy, and a Chapter 13 Bankruptcy.
Wage garnishment is a State Court Order issued to an employer which allows a creditor to have part of your income taken from your pay to satisfy a judgment for a debt.The creditor must have a Court ordered "judgment" to legally have your income taken by way of garnishment. Filing for Bankruptcy puts into effect an "Order for Relief" - known informally as the "automatic stay."
Wage garnishment is a State Court Order issued to an employer which allows a creditor to have part of your income taken from your pay to satisfy a judgment for a debt.The creditor must have a Court ordered "judgment" to legally have your income taken by way of garnishment. Filing for Bankruptcy puts into effect an "Order for Relief" - known informally as the "automatic stay."
Chapter 7 Bankruptcy is sometimes called a "liquidation" bankruptcy - in general, most of your debts will be cancelled; however, if you have too much income, or too much "equity" in property, you may be forced into a Chapter 13 Bankruptcy. In a Chapter 7 Bankruptcy, with certain exceptions, nearly all debts can be cancelled.
Chapter 13 Bankruptcy is quite different from Chapter 7 Bankruptcy. In a Chapter 13 Bankruptcy you submit a "Plan" to pay creditors. Depending on your circumstances, your "Plan" may call for a payment such that your unsecured creditors receive almost zero, it may call for payment of 100% of your debt, or it may call for payment of somewhere between zero and 100%.
In order to begin the process of evaluating the Bankruptcy options which will provide you the most relief from your creditors, there is certain information which will be required. Some of the required information must be provided in order to comply with current Bankruptcy laws. Otherwise, the information is needed in order for our office to assist you in determining the type of Bankruptcy you should file.
PAY STUBS: The Bankruptcy laws require us to review your pay records looking backward in time over a 6 month period. This look back period ends on the last day of the month that precedes the month you intend to file your Bankruptcy. There is a second requirement that we have the last 60 days of your pay stubs leading up to the date we actually file your bankruptcy.
