There are generally two ways for individuals to file for bankruptcy. The first is a Chapter 7 bankruptcy, which is a "liquidation" bankruptcy and generally will wipe the slate clean of your debts. The second is a Chapter 13 Bankruptcy which is a bankruptcy that has a re-payment plan of 3 to 5 years. Generally, Chapter 13 bankruptcy is used to save a house from a mortgage foreclosure or because a Chapter 7 Bankruptcy was filed in the last 8 years.
Slive & Slive Co., L.P.A can assist you in determining whether a Chapter 7 or Chapter 13 is right for your needs.
Additionally, under the Bankruptcy Reform Act, clients are required to speak with a financial counselor provided by Slive & Slive Co., L.P.A. prior to the filing of the Bankruptcy and, after the filing of the Bankruptcy, must take a brief course on the phone or over the internet on how to avoid debt in the future. Slive & Slive can help you find an appropriate counselor.
Bankruptcy is a right that is in the United States Constitution and should not be an embarrassment if you have gotten yourself into financial difficulties. Most people who file bankruptcy are wage earners who have gotten themselves into financial difficulty and need a fresh start. Often times, credit card companies and banks extend excessive amounts of credit to people who do not realize that they will be unable to repay the debt in the future. Sometimes, parties have high medical bills that they cannot pay. Sometimes an individual, due to financial problems, will allow their car insurance to lapse and then become involved in a motor vehicle accident. A bankruptcy can eliminate of these debts and give you a fresh start. Many bankruptcy clients are able to keep their homes and cars after a bankruptcy is completed.
Contact Us
At Slive & Slive our experienced attorneys will assist you through the bankruptcy process from start to finish. Your understanding of your case is a priority, and your satisfaction is our goal. Your phone calls will be returned promptly and your needs addressed timely. In addition to our weekly office hours, we offer Saturday morning appointments. Contact Slive & Slive today for a confidential assessment of how bankruptcy might help you.
