What are my Options?

With lawsuits, garnishments, phone calls, all the symptoms of debt can be devastating! The good news: There are plenty of options. The even better news: An experienced attorney can evaluate your situation and determine which options are best for you!

What about Bankruptcy? How does it Work?

Consumer bankruptcy comes in two forms: Chapter 7 and Chapter 13.

Chapter 7 is a liquidation plan that evaluates your assets to determine if there is anything that you own that can be liquidated to pay back all or a portion of your debt.

Chapter 13 is a repayment plan that is set over the course of anywhere between three to five years. The payment plan is based on a number of factors, one being a comparison of your income and expenses.

Both options are viable and certainly in most cases, one may be better than the other, but it takes an experienced attorney to help you understand and execute your options.

What if I don't want to do bankruptcy?

Great news, you don't have to! Bankruptcy is a voluntary process and no one can be forced to file bankruptcy. And there are still options to help manage or maintain debts.