Should I File Bankruptcy?
Do you have outstanding bills that you are unable to pay? Are you in need of a fresh start? Would you like to speak with a bankruptcy attorney? The bankruptcy attorneys at Arant Law understand how stressful it can be to feel like you are drowning in debt. Our experienced attorneys can help you objectively evaluate your current situation, strategize the most effective course of action, and walk you through the entire bankruptcy process. We are here to help ensure your case goes as smoothly as possible.
Many clients try to avoid bankruptcy, but this can actually harm them in many cases. If you are thinking about filing bankruptcy, you should get the information you need to make an intelligent decision. Our experienced attorneys will sit down with you and ensure that you are making the most informed decision possible.
There are many financial options available to you and we understand that there is no one-size-fits-all solution to your situation. As such, we firmly believe in taking the time to adequately understand your circumstances. We will work with you to understand your unique situation and help you decide which plan is best for you.
Which Chapter Should I File?
If you are an individual, your choices for bankruptcy are generally either Chapter 7 or Chapter 13. The bankruptcy attorneys at Arant Law can analyze your current situation to determine which bankruptcy chapter is best for you.
Chapter 7 Bankruptcy
If you are a modest income earner with limited assets, you may want to consider filing for a chapter 7 bankruptcy. In a chapter 7 bankruptcy case, the bankruptcy trustee gathers all the debtor’s nonexempt assets. They then sell these assets to pay your creditors. Accordingly, it is important to note that chapter 7 cases results in a debtor being unable to keep many of their possessions.
To learn more about Chapter 7 bankruptcy, consider reviewing Chapter 7 Bankruptcy Basics posted by the United States Courts.
Chapter 13 Bankruptcy
If you are concerned about keeping your home or other nonexempt assets, you may want to consider filing for a chapter 13 bankruptcy. Contrary to a chapter 7 bankruptcy, a chapter 13 bankruptcy involves paying off your creditors over a period of years. While you get to keep your assets in a chapter 13, you must propose an acceptable plan to pay your creditors’ claims.
To learn more about chapter 13 bankruptcy, consider reviewing Chapter 13 Bankruptcy Basics by the United States Courts.
Do I need a Bankruptcy Attorney?
Bankruptcy is more than filling out forms. The advice you receive from an experienced bankruptcy attorney can make a huge impact on your case. It can affect how much property you are able to keep, how much debt you are able to eliminate, and so much more.
A bankruptcy lawyer may also help you save money and personal property through the use of effective pre-bankruptcy planning. While not all property is exempt, you may be allowed to convert non-exempt property into exempt property before filing for bankruptcy. An experienced bankruptcy lawyer can help you understand and effectively utilize all of the relief available to you by the United States Bankruptcy Code.
At Arant Law, our bankruptcy attorneys have over thirty years of collective experience representing consumers in Chapter 7 and Chapter 13 bankruptcy cases. From simple to complex bankruptcies, we have the experience to help you in your time of need. When you work with us, we ensure that you are making the most informed decisions possible to give you the best chances of success post-bankruptcy.
Free Bankruptcy Debt Evaluation
If you are considering bankruptcy, it is important that you schedule an appointment with an experienced bankruptcy lawyer as soon as possible. The bankruptcy attorneys at Arant Law offer everyone considering bankruptcy a free debt evaluation. If you are considering filing for bankruptcy, schedule your free debt evaluation with one of our experienced bankruptcy attorneys today.