Are You...
- Drowning in debt?
- Feeling stressed because of your finances?
- Being harassed by creditors?
If any of these apply to you, take the first step toward your peace of mind by getting in touch with my firm.
Over 10k Families Helped
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Testimonial field filled out only: At a very unsure time in my life, Attorney Jolene Hayes was a shining ray of hope. Through her unmatched professional knowledge, close attention to detail, and sincere personal involvement I couldn’t help from feeling I made the right choice. When does the scroll bar appear for these longer testimonials without a caption. Testing to ensure the feeds don't get too long.
At a very unsure time in my life, Attorney Jolene Hayes was a shining ray of hope. Through her unmatched professional knowledge, close attention to detail, and sincere personal involvement I couldn’t help from feeling I made the right choice. When does the scroll bar appear for these longer testimonials without a caption. Testing to ensure the feeds don't get too long.
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Frequently Asked Bankruptcy Questions
Have questions? We are here to help. Still have questions or can't find the answer you need? Give us a call at 231-456-7890 today!
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How does bankruptcy work?
Bankruptcy is a legal process that allows individuals or businesses to get relief from debt. There are two main types of bankruptcy in the United States: Chapter 7 and Chapter 13.
In Chapter 7 bankruptcy, the debtor's assets are sold to pay off creditors. The debtor keeps any assets that are exempt from bankruptcy, such as a home, car, or personal belongings.
In Chapter 13 bankruptcy, the debtor creates a repayment plan that allows them to repay their debts over a period of time. The debtor keeps all of their assets, but they must make monthly payments to the bankruptcy court.
The bankruptcy process begins with the debtor filing a petition with the bankruptcy court. The petition includes information about the debtor's assets, debts, and income. The bankruptcy court then appoints a trustee to oversee the bankruptcy case.
Once the bankruptcy case is complete, the debtor is discharged from most of their debt. However, there are some types of debt that are not discharged in bankruptcy, such as child support, student loans, and taxes.
Filing for bankruptcy can have a negative impact on your credit score, but it is not the end of the world. With time and effort, you can rebuild your credit and get back on your feet financially.
Here are some key things to remember about bankruptcy:
- There are two main types of bankruptcy: Chapter 7 and Chapter 13.
- The bankruptcy process can take several months to complete.
- You will need to provide financial information to the bankruptcy court.
- You may have to attend credit counseling sessions.
- You will be subject to certain restrictions on your spending and debt.
Bankruptcy is a serious decision, but it can be a helpful option for people who are struggling to repay their debts. If you are considering filing for bankruptcy, it is important to weigh the pros and cons carefully and to seek professional advice.
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Will I lose all of my property?You might be surprised to hear that individuals who file for bankruptcy often lose little to nothing. Every case is different and the amount that you might have to forfeit depends upon a number of unique and complex factors. However, our firm is proud of our success in helping clients retain those assets that are important to them.
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Why should I file for bankruptcy?Filing for bankruptcy is a serious decision, but it may be the right option for you if you are struggling to repay your debts. Bankruptcy can provide you with a fresh start by eliminating some or all of your debt, and it can also protect you from creditor harassment.