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Save Your Home
As the bills and credit card debt pile up, many begin asking the difficult question: Should I file for bankruptcy?
Between a rock and a hard place, they often stall, depleting valuable savings and assets as they weigh the decision.
This is not a decision you must make alone. I am attorney Richard J. Shurtz and I have the experience to guide you through the process of choosing whether bankruptcy is the right option for your financial situation. If you determine that it is, I can fully inform you of the options available and what each will mean to you both now and in the future.
How Bankruptcy Works
Chapter 13 Bankruptcy
Many people simply need a break from the increasingly pressing bills and debt to have a chance to catch up and return to regular payments. A Chapter bankruptcy 13 can provide that opportunity.
At Richard J. Shurtz, Attorney at Law, I am prepared to guide you through the process of filing for Chapter 13 bankruptcy. This path can allow you to discharge or diminish certain debts, but create a manageable payment plan to pay off the remaining obligations. For debts that are not dischargeable (i.e. they can't be wiped out in a Chapter 7 bankruptcy), a Chapter 13 plan can allow you to pay on terms that you can afford, not on the terms the creditor demands.
Some people who cannot file for Chapter 7 bankruptcy still can face their debt through a Chapter 13. This process will still stop foreclosures about to proceed, as well as repossessions and garnishments. Many individuals and families are able to keep their homes and vehicles in a bankruptcy, with the aid of skilled legal counsel.
While to many people, Chapter 7 bankruptcy seems to be the quickest and easiest solution to their financial woes, Chapter 13 offers many advantages. For example, a Chapter 13 can allow you to get caught up on delinquent house payments or car payments, and keep the car or house that might otherwise have to be surrendered at the whim of the secured creditor if you file a Chapter 7 case. Also, a Chapter 13 bankruptcy can also allow you to keep assets that are worth more than you would be allowed to keep in a Chapter 7 action. Some people earn too much to file a Chapter 7 case. Usually you can still file a Chapter 13 case to keep creditors at bay. A particular advantage that Chapter 13 has right now over Chapter 7 is that it can allow people to get rid of second mortgages to their homes which have deflated in value. You cannot do this in a Chapter 7 case. Debt for motor vehicles still owed after about 2 ½ years may also be reduced in a Chapter 13. If you filed a Chapter 7 case in the last 8 years, you may still be able to file a Chapter 13 case, particularly if 4 years have passed since the filing of the Chapter 7 case.
I will guide you through the process of deciding which form of bankruptcy best fits your needs and situation. I offer free initial consultations to each client to understand his or her unique circumstances and concerns, as well as goals and what he/she would like to accomplish financially following the bankruptcy. Each situation is different, and I am committed to understanding your needs to provide the best solution possible. Some people do not need to file bankruptcy, and sometimes it is not in a person's best interests to file bankruptcy, even if it is possible to file bankruptcy. I am forthright in explaining these things to each client, as well.
Chapter 7 Bankruptcy
The decision to file bankruptcy is one of the most difficult financial decisions to be made by many individuals. Some fail to see the potential relief that can be had following a bankruptcy, blinded by the stigma and fears surrounding the decision to file.
At the office of Richard J. Shurtz, Attorney at Law, we provide clients the skill and understanding needed to turn a difficult and overwhelming financial situation into a positive building block for the future. Whether you are facing unpaid credit card bills, mounting medical bills or out-of-control debt, I help to provide the solutions.
Credit Card Debt Relief
Under Chapter 7 bankruptcy, you are able to discharge (wipe out) almost all unsecured debt immediately. Also, as soon as you file for Chapter 7, a stop is put on all foreclosures and repossessions. Additionally, this will provide an end to any wage garnishments that are proceeding or being threatened.
Chapter 7 bankruptcy is often the fresh start that many families and individuals crave after months or years of deep financial concern and overwhelming debt. With the skill of an experienced bankruptcy attorney, most people are able to retain all their assets and properties, including homes.
I understand that each situation is different, and I am committed to providing you the best possible solution for your financial needs and goals.
I offer free initial consultations to each client to learn what they are facing. You can be assured that I will offer an honest evaluation of your unique situation, as well as guidance as to which form of bankruptcy is best.
Take your first step on the path to debt relief. Contact me today.
We Can Help
For many, bankruptcy means relief from foreclosure, bill collectors, garnishment, medical bills and credit card debt. It can be the light at the end of a long and stressful tunnel of harassing phone calls and worrisome notices.
When this is the case in your situation, I will answer all questions and concerns and direct you through the process of filing for bankruptcy, directing you to the appropriate form to fit your needs.
If it is not the right solution to your financial concerns, though, you can be assured that I will provide you an honest evaluation of your situation and recommendations for moving forward.
I offer clients free consultations to discuss their financial situation and what kinds of changes they would like to see. Following this consultation, we can develop a plan to move you forward to a more secure financial future. To arrange a free meeting with a skilled consumer bankruptcy attorney, call today.