If you are drowning in debt, and are unable to pay your bills, Bankruptcy can help you get a fresh start. Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.

The two most common Bankruptcy discharges are:

  • Chapter 7 Bankruptcy – Allows you to totally erase many debts, including credit card debt, medical debt, car loans, and payday loans. Chapter 7 discharges your unsecured debt.

If you are considering Chapter 7 ask yourself: Do I have more debt than I’ll ever be able to pay back, given my current income and property?

  • Chapter 13 Bankruptcy – Is a repayment plan where you pay back a percentage of your debt over time. According to the IRS website. 

If you have too much credit card debt and not enough cash, and are being harassed by collectors…consider Bankruptcy.

If you are behind on your mortgage payments or you have received foreclosure papers… a Loan Modification may be in your best interest. This allows you to refinance your existing mortgage so you can stay in your home. A Loan Modification can lower your mortgage payment and interest rate even if your credit is bad or your home is under water.

If you are ready to discuss Bankruptcy, Standley Law, P.A. is here for you. We will assess your financial situation, review your options, and help you decide what option is best for you. Once you have decided to file bankruptcy, we will take you through every step of the process. 

Let Standley Law, P.A. help you recover from your financial problems. 

Get a fresh start, find solutions to your financial problems, and get relief during these difficult times.