Free Bankruptcy Help and Support!
Phone calls from collectors demanding payment, strangers knocking on your door at all hours demanding you open up to accept court papers, and threats of repossessing your car or foreclosing on your families home—WE CAN HELP!
For many individuals, this feeling can be overwhelming. Many times, we hear people tell us that they freeze and do nothing—we’re here to tell you that doing nothing is the worst thing you can do and contacting us is possibly the best solution to your debt solution needs.
Bankruptcy is your right as an American—the right to start over and try again. Some people need this opportunity because they lost their job, got injured or sick, or maybe got caught up in keeping up with the Joneses. No matter what caused you to get to this point, we will help provide you with relief and peace of mind by helping you assert your rights as an American under the Federal Bankruptcy Code. Everyone deserves a second chance—contact us right now for a 100% Fast and Free Evaluation to get started on your second chance!
Whether you own a home, a car or neither, we have the solutions that will fit your needs and erase the debt that plagues you!
Chapter 7 bankruptcy is what is known as a “total liquidation” because it states, in its most simplistic form, that you have no assets and that all your qualified debt should be erased.
Chapter 13 bankruptcy is where you have assets, like a home, and need some of that debt erased and the rest of it restructured over a period of years so that you may keep your home and the equity you may have in it.
Bankruptandbroke.com can help because we are experienced, knowledgeable and compassionate to your worries and needs. Fast and free bankruptcy consultations are right around the corner if you contact us today! You don’t need to feel embarrassed about filing for bankruptcy; millions of American’s have taken advantage of their right to start over. Filling out the form on this page is your first step to financial freedom—you’ve got nothing to lose but your life to regain. Get started and get your life back on track today – fast and free bankruptcy attorney consultation!
What is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy is part of the Federal Bankruptcy Code, 11 U.S. Code, Chapter 7 and is commonly called “straight bankruptcy ” or “liquidation bankruptcy.” When people file for Chapter 7 Bankruptcy, they are asking a bankruptcy trustee to cancel/eliminate all of your debt (with few exceptions). For the most part, when a person files for Chapter 7 Bankruptcy, it is because they have little to no assets. This is why Chapter 7 is normally called a no-asset case.
When an individual files for relief under Chapter 7 of the U.S. Bankruptcy Code, their assets turn into property of the “bankruptcy estate.” A trustee is put in charge of your case, and he/she will be in charge of selling assets that are not covered by exemptions. For the vast majority of people, no assets need to be sold and the debts of the Chapter 7 filer are eliminated in about 90-120 days. The reason that a Chapter 7 Bankruptcy is generally considered a no-asset case is because the trustee will not sell any of your property as the few assets you have, will probably be covered by one of the many exemptions that the state and federal bankruptcy statutes account for.
Chapter 7 Bankruptcy and the Means Test
The first step in finding out whether a person can file for Chapter 7 bankruptcy is by completing what is known as the “Means Test.” This is an affidavit that the bankruptcy court requires everyone considering to bankruptcy to complete to see if they are eligible for a Chapter 7 bankruptcy. It details your assets, income, debts, expenses, and burden of your debt. If you pass these requirements, you can file for Chapter 7 bankruptcy. Getting your debt eliminated with professional Chapter 7 bankruptcy help and advice is as easy as picking up the phone and giving us a call!
What is Chapter 13 Bankruptcy?
When a person has assets or property that they want to keep but a large amount of debt, the best option is normally to get Chapter 13 Bankruptcy help and advice so you can keep your property. Chapter 13 bankruptcy is for people who have assets they want to keep and still want to eliminate as much debt as possible. So, how does Chapter 13 bankruptcy allow you to keep your property and still eliminate unsecured debt?
The Chapter 13 Bankruptcy Reorganization
Under a Chapter 13 bankruptcy plan, individuals have their debt organized in a way that allows them to keep their property by having them pay down some debt, catch up on past-due mortgage or car payments, and force creditors to stop charging interest and late penalties on the debt owed. The bankruptcy trustee assigned to your case puts together a plan that details your income, your debts, your assets, and your exact living expenses (utilities, food, insurance, etc.). The result is a plan whereby your secured debts are paid and, if an money is left over, some of your unsecured debt (although, typically, most of your unsecured debt, like credit cards, are discharged and eliminated).
Chapter 13 reorganization payment plans range from a 3-year plan up to a 5-year plan, depending on your income level and the state that you live in. This is based on the median income level of your state, and can be viewed on the Department of Justice’s website. Once you have completed your payment plan, be it 3 years of 5-years, all debts that remain that can be discharged, such as credit cards and medical bills, are discharged and erased forever.
Many misconceptions exist when it comes to understanding Chapter 13 bankruptcy, so it is important to get sound legal advice and find out more from an attorney that can provide detailed Chapter 13 bankruptcy help according to your particular situation. And for those that have student loan problems – Chapter 13 bankruptcy can help out with those payments as well!
Looking for Free Bankruptcy Help and Advice?
Many people that are considering filing for bankruptcy to erase debt, keep their property, or to stop foreclosure, wonder whether they can even afford to hire a bankruptcy lawyer. While the most effective method of erasing debt through bankruptcy is hiring an attorney, you can get free bankruptcy help or at least bankruptcy help and advice that you can afford.
Free bankruptcy help can be offered through various legal aid clinics, pro-bono attorneys, or filing bankruptcy for free by doing it yourself. Keep in mind though that even the US Bankruptcy Courts strongly recommend the hiring of an attorney for the best in bankruptcy protection, but with their instructions, you may be able to file your bankruptcy for free without an attorney. The United States Federal Court system provides valuable information to research the filing of a bankruptcy for free without an attorney and they even provide the list of some respected legal aid clinics that can give individuals free bankruptcy help in certain cases.
Bankruptcy laws are extremely complex, and not filing bankruptcy the right way can force you to miss out on much of the protection from harassing creditors that the bankruptcy laws were written to protect people from. For example, exemptions in every state allow people to keep property, houses, cars, jewelry, and other items of personal property up to a certain value depending on your family size and the median income of people where you reside. Without factoring these things out properly, you may still get a discharge for your debts by filing the bankruptcy for free, but you run the risk of losing some or all of your property. Hiring an attorney is your best bet to eliminate debt and keep your property. Connecting with a lawyer for the free bankruptcy help and advice that you deserve is just a click away – contact us now!
Can’t Afford Bankruptcy Fees Up-Front? We Have Solutions!
For those that feel as though they cannot afford a bankruptcy attorney but believe (rightfully so) that filing bankruptcy without an attorney is a bad idea, the option of filing a Chapter 13 Bankruptcy, rather than a Chapter 7 Bankruptcy, is the perfect way out of their debt worries. Chapter 13 Bankruptcy attorneys allow you to pay your fees over a period of time rather than all up front, allowing you to make affordable payments, according to the Chapter 13 plan trustee, that fit your budget. This is not necessarily free bankruptcy help, but it is virtually free up front, and in the end, you will save potentially tens-of-thousands of dollars by going this route!
Other resources for free bankruptcy help and advice involve getting free consultations from a bankruptcy attorney or bankruptcy preparer who can first find out if you qualify for Chapter 7 bankruptcy by providing you with a completed “means test,” an essential first-step to filing for Chapter 7 bankruptcy. We will connect you to a bankruptcy attorney for free so that you can discuss your options and get free from the debt that is holding you back! Now is the time to act! Speak to a bankruptcy attorney now for a 100% free bankruptcy consultation!