BANKRUPTCY
CH. 7 AND CH.13 BANKRUPTCIES.
CHAPTER 7 BANKRUPTCY
Chapter 7 Bankruptcy is a desirable option for people who are suffering from a large amount of credit card debt and other similar kinds of debt that is not secured by any property. Filing a Ch.7 Bankruptcy will usually allow these kinds of debts to be dismissed and give the person filing the Bankruptcy a fresh start. Although many people are concerned about the negative effect that Bankruptcy will have on their credit, someone who files Bankruptcy may start rebuilding their credit immediately after filing. It’s important that people who are thinking about filing bankruptcy understand that it will negatively effect their credit rating, however it is important that these same people understand that this effect is reversible, and will not be the end of the world for them. If you would like to find out if filing a Ch.7 Bankruptcy is right for you please contact Douglas Reed at 521-3794.
CHAPTER 13 BANKRUPTCY
A Chapter 13 Bankruptcy is a repayment plan and is best suited for those who have a lot of debt that is secured by property or for those people who cannot file a Chapter 7 Bankruptcy. Unlike a Chapter 7 Bankruptcy, there are very few limitations on who can file a Chapter 13 Bankruptcy. The repayment plan that is reached on a Ch.13 Bankruptcy can reduce the total amount of debt that is paid to creditors, and in some instances even reduce the amount that has to be paid back to some creditors to 0. If you would like to find out if filing a Ch.13 Bankruptcy is right for you please contact Douglas Reed at 521-3794 for a free consultation.
Whether you are interested in filing a Chapter 7 or a Chapter 13 Bankruptcy, our law firm offers very competitive prices and will give each one of our clients our personal undivided attention.
REAL ESTATE SHORT SALES
Many clients who call us about bankruptcy really only have one big debt problem: They owe a lot more on a house than it is worth. In such cases it is usually better to arrange a short sale with no liability for a deficiency judgment than it is to file for banktrupcy. We work with a real estate agent, Steve Segal, whose website is www.ItsSold.com , and whose phone number is 702-496-0853. He has had good success in the past in doing short sales on underwater houses without the mortgage company pursuing the borrower for a deficiency judgment.
PLEASE CALL 521-3794 for a FREE CONSULTATION ABOUT BANKRUPTCY NOW.