Sometimes filing bankruptcy is the BEST OPTION!
Let the REB Law Firm help you make a determination as to whether bankruptcy is RIGHT FOR YOU!
We will review your financial situation to ensure that your case will go as smoothly as possible. For instance, if you have high income or you made recent financial transfers, it could cause problems. Filing for Bankruptcy takes planning and strategy. This is why it is important to discuss Bankruptcy with an Attorney.
There are 2 types of Personal Bankruptcy:
Chapter 7 Bankruptcy is where you get to keep some of your assets while discharging certain types of debt. Credit Card Debt, Medical Bills and other unsecured debt can usually be discharged in a Chapter 7 Bankruptcy. This is the most popular form of Bankruptcy.
Chapter 13 Bankruptcy is where pay back some of your debt based on your budget. You make a monthly payment to the trustee of the Bankruptcy Court. This is primarily for situations where you are facing foreclosure of a home or repossession of a vehicle.