When you are in need of a financial restart that bankruptcy may be for you. Let us at Upton Law, PLLC assist with determining if you are eligible for bankruptcy and which chapter of bankruptcy to make sure you get rid of debts you need and keep the items you want. There are two common chapters of bankruptcy for Consumers (individuals) who are in need of a financial restart.
- Chapter 7 Bankruptcy- discharges certain debts and gives the filer a "fresh start." From state to finish, a Chapter 7 Bankruptcy is approximately 90 days.
- Chapter 13 Bankruptcy - also called a payment plan. From start to finish, a Chapter 13 is approximately 36-60 months. For example, a filer in a Chapter 13 proceeding may be able to save their home from foreclosure.
Some Benefits of bankruptcy:
- Return of driver's license due to city or state fee suspensions
- Stop an eviction
- Stop a lawsuit
- Stop a garnishment
- Stop repossession
- Stop foreclosure
Everyone does not meet the eligibility of bankruptcy, give us a call for a free consultation to confirm that you qualify.