Chapter 7 & 13 Bankruptcy
What do you do when you become overwhelmed with debt from medical bills, credit cards, or even a failed business?
When you no longer control your debt, but instead your debt controls you, it may be time to consider bankruptcy. There are many reasons to consider filing for bankruptcy. Some reasons include:
Divorce issues
High medical bills
High credit card balances
Loss of Income
Collection activity
We are happy to assist with an assessment of whether bankruptcy is right for you and which form of bankruptcy may be best for you. Our firm focuses on Chapter 7 and 13 bankruptcy, which are:
Chapter 7 is a method to liquidate your debt and does not require repayment of the debt
Chapter 13 is a method of repayment of debt on a 3-to-5-year payment plan
The object of either form of bankruptcy is to help you regain financial health and control.
Bankruptcy is a serious decision that involves much consideration and The Colbert Law Firm is available to assist with this choice.