Considering Bankruptcy?

Get a Confidential Bankruptcy Evaluation from a Local Lawyer Today

Find Financial Freedom!

Don't spend another day worrying. Now's the time to let a personal bankruptcy attorney explain how filing bankruptcy may help you attain a fresh financial start. Simply fill out the free case review form to connect with a local bankruptcy lawyer for a no-obligation consultation.

Bankruptcy Could Be The Option For You

When in debt, choosing bankruptcy is often times the best solution to becoming debt–free. Bankruptcy can stop creditors from hounding and harassing you, especially if they are starting to step over the boundaries of decent behavior. Bankruptcy will end wage garnishment, allow you to purchase basic necessities and get out of the debt all at the same time. Allowing American Bankruptcy Relief to connect you with a local attorney in your area to discuss your options is the first step towards a fresh new start.

Reasons To File For Bankruptcy

If your home is at risk of foreclosure, filing bankruptcy can prevent this undesirable consequence. It can also put a reasonable and affordable repayment plan in place enabling you to get caught up with your debts.

If your car or other property has been repossessed, bankruptcy can have these returned to you, especially if the lack of these items hinders you from getting caught up. You may have huge medical bills, either on their own or combined with a loss of employment, which can often create a nearly impossible situation to overcome. Bankruptcy can help you out of this and possibly reduce or wipe away your medical bills. Bankruptcy can prevent your utilities from being shut off, or if necessary, get them turned back on. Student loans will not be eliminated, but they can be consolidated allowing you to pay them off in a reasonable and manner.

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Get The Basics Before Filing Bankruptcy

Deep in debt? Fallen behind on payments? You're not alone—nearly 1.5 million people filed bankruptcy in 2009 to gain relief from their debt. The questions is: Could bankruptcy benefit you?

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is commonly referred to as a Liquidation Proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 will give that person a relatively quick "fresh start".

One of the main purposes of Bankruptcy Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is also known as a Reorganization Bankruptcy. Chapter13 bankruptcy is filed by individuals who want to pay off their debts over a period of three to five years. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. This form of bankruptcy is an option for individuals with predictable and sufficient income to pay their reasonable expenses with some amount left over to pay off their debts.

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