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Looking for a bankruptcy attorney? Call 646 666 9601
If you have debt and are having trouble paying it off, bankruptcy can help you get out of debt and start over. Whether you are just starting to think about bankruptcy or have already filed, a bankruptcy lawyer can help you get the most out of what the US Bankruptcy Code has to offer. We’ve created a specialist attorney group to help you stop wage garnishment, stop creditor harassment, get debt relief, and protect your property.
Different kinds of bankruptcy
A bankruptcy lawyer can help you figure out if the process is right for you or if there are other ways to get out of debt that would be better for you. If bankruptcy is right for you, your lawyer will help you decide between Chapter 7 bankruptcy (often used by individuals or small business owners), Chapter 13 bankruptcy (where debt repayment plans are set up to help you get back on track), Chapter 11 bankruptcy (business reorganisation), or another type of bankruptcy.
Why File For Bankruptcy?
People file for bankruptcy for many different reasons, most of which have to do with outside forces or unexpected costs:
Medical debt and unexpected health care costs can quickly get out of hand. Credit card debt can build up due to business expenses or needing to use a credit card during times of unemployment and low cash flow. Investments in the stock market, real estate, or other financial vehicles might suffer during a financial crisis. A supply chain shutdown can cause debt to cascade during a pandemic (like the coronavirus/COVID-19 outbreak) or when oil prices change. A bankruptcy lawyer can help you figure out what to do in any of these situations.
How do I choose a lawyer for bankruptcy?
When you call a law firm and decide which lawyer to hire, think about the following:
Comfort Level: Do you feel safe telling the lawyer about yourself? How do you feel as you talk to the lawyer?
Credentials: How long has the lawyer been giving bankruptcy clients legal advice? Has the lawyer worked with the U.S. Bankruptcy Court before?
Cost: Is the lawyer’s fee within your price range? Can the lawyer give you an idea of how much it will cost to file for bankruptcy, including the filing fee?
City: Is the lawyer’s office close to where you live?
Local bankruptcy attorneys and the best local bankruptcy lawyers
It doesn’t have to be the end; it could just be the start. You don’t have to go through this fight on your own. If you have so much debt that you can’t keep your head above water, you might want to talk to a bankruptcy law firm right now.
It’s never good to stay in debt. If you don’t fight your creditors, they might take your house, car, bank accounts, and other investments. The sooner you start getting your finances back on track, the better your peace of mind will be.
If you are ready to stop being buried in debt, bankruptcy may be the answer.
We can help you get out of your financial trouble, whether you are facing foreclosure or need to restructure your debts. We know how important it is for our clients to get out of debt, so we work very hard to make that happen.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy may be your only way out of unsecured debts like payday loans, credit cards, or medical bills. Our attorney might be able to help you:
Individuals can use Chapter 7 to get rid of their unsecured debts. Chapter 7 liquidations let companies that are no longer in business wind down in an orderly way.
Chapter 11 Bankruptcy
Chapter 11 may be the best way to get out from under your debts as quickly as possible. You should talk to a good bankruptcy attorney who can help you build a strong case for getting out of debt.
*Chapter 11 reorganisations for businesses with a legal name.
Chapter 11 can help a small business with total debts of $2,725,625 or less to reduce and restructure their debts. This is done through a streamlined process that is meant to keep your business running by letting you make affordable payments to your creditors.
*Reorganizations under Chapter 11 for people who run a business and have a lot of debt.
Chapter 11 also lets a person with up to $2,725,625 in business debts reduce and restructure those debts while the business is still running.
Chapter 13 Bankruptcy
Chapter 13 is a way to reorganise your debts so that you can keep your home, car, and other assets and reduce your unsecured debts by a large amount.
Filing for bankruptcy in court is a very complicated process, so it’s best to get help from a bankruptcy lawyer who has done it before. Our chapter 13 bankruptcy lawyers can help you through the whole process and handle your case with care and understanding.
Chapter 13 reorganisations can help people restructure their debt, get rid of a big chunk of their debt, and protect their assets, such as their home, cars, and other valuables. Chapter 13 reorganisations for people who run small businesses as a sole proprietorship can allow both the person and the business to keep going. They can also reduce both the person’s and the business’s debts, making it easier to run the business and make a budget for the household, while protecting both the person’s and the business’s assets.
Attorney Services for Foreclosure
People who are about to lose their homes often have a lot of debt from a failed real estate investment, which is one of the biggest problems they face. Foreclosed homes are not only stressful for the owner, but they are also bad for the neighbourhood. It’s possible that the problems caused by foreclosure were made worse by the incompetence of banks.
Student Loan Debt Relief
What happens if you still owe money on your student loans? That’s a good question, and we’re here to help.
Our bankruptcy lawyers handle personal bankruptcy cases on a client-by-client basis. They will work with you to figure out the best way to solve your debt problem.
Why it’s a Good Idea to Hire a Bankruptcy Lawyer
Stop the bank from taking your home.
We might be able to help you keep your home from going into foreclosure by setting up a new payment plan or modifying your loan.
Don’t take anything.
Our lawyers are often able to stop a client’s car from being repossessed through a reorganisation, which may be able to lower your interest rate, lower your monthly payments, and possibly lower the amount you owe on your car loan. This will protect your car.
Stop suing and judging each other
The bankruptcy lawyers might be able to stop lawsuits and court orders that could cause you to lose your home or property.
Stop harassing by creditors
We will try to stop creditors from calling you, threatening to sue you, and doing other things to get money from you.
Our Mission
Our goal is to help people who are having trouble with debt get a “fresh start.” We do this by giving them a fee they can afford and taking care of their case well. We treat all of our clients with respect, so we’re glad when they do the same for us and are happy with how low our fees are. If you think you can save money by working with us in this way, we will help you find the best bankruptcy solution for your personal debt problems right now.
We can help you begin again. We are cost-effective bankruptcy lawyers who can help with both Chapter 13 and Chapter 7 cases.
Some people might think about hiring a bankruptcy lawyer, or they might ask if we are cheaper than a $690 bankruptcy lawyer. Our answer is a resounding YES! Are we, in a way, a $500 bankruptcy lawyer? We’ll let you decide, but I think my $499 legal fee is close enough to the criteria for me to meet them. We will warn you about no money down chapter 7 or zero down bankruptcy lawyers near me. Because these situations can sometimes end up costing you a lot more than what we charge our clients. We cover the whole state, so you can think of us as cheap Chapter 7 and Chapter 13 lawyers near me (you).
A bankruptcy lawyer does not charge a “set” fee for his or her services. But most of the time, a Chapter 13 bankruptcy costs more than a Chapter 7 bankruptcy. Fees are different from one lawyer to the next in your area, and they are also different from one state to the next.
The Bankruptcy Court sets fees for filing that are the same for every case. For a Chapter 7 petition, the fee to file is $338. You also have to pay for the bankruptcy classes you have to take.
As you look for a bankruptcy lawyer and compare fees, you should keep in mind that the initial fee may include or not include certain services. You want a bankruptcy lawyer whose first fee covers as many services as possible.
Some of the typical services that come with a bankruptcy attorney’s fee are: analysing your financial situation and giving advice; preparing all bankruptcy forms for filing; and attending the 341 Meeting of Creditors.
A bankruptcy lawyer might charge extra for filing motions, making changes, and going to some hearings. Before you hire a bankruptcy lawyer, make sure you know what services are included and what are not.
The right amount of money for your case
There is no “right” amount for a bankruptcy lawyer to charge, but a Chapter 13 filing will usually cost more than a Chapter 7 filing. Fees are different for each case and for each state.
Know-how and experience
To use the bankruptcy code well, you need to know a lot about this area of the law and have enough experience to know how to use it. If you fill out a form wrong or miss a deadline, your case could be thrown out. That’s why it’s important to find a specialist.
Frequently Asked Questions
What Happens at a Consultation on Bankruptcy?
We sit down with you and talk about the problem and why you want to file for bankruptcy. Then we go over your income and expenses. We talk about what you owe and to whom you owe it. We also talk about what you want to accomplish if you want to keep your car and how we can help you do that. We also talk about what to do if you’re trying to save a house.
We just talk about your money and how you want to move forward, as well as what bankruptcy would mean for you.
When can I begin to build my credit?
Basically, the day after you file for Chapter 7 bankruptcy, it goes back to “18 Again.” You can start building your credit right away. You will definitely get credit card offers in the mail the same week that you have a court date with me. I usually tell people to be responsible.
If you want to rebuild your finances slowly, you can get a gas card and pay it off every month. We also put all of our Chapter 7 clients in a programme called “700 Credit Score.” This programme will help you get to a place where you can buy a house after bankruptcy in about one to two years.
As long as you stick to the programme and do what you need to do, you can also buy cars and get credit cards. We also put you in a financial management programme so you can work responsibly and build your credit. However, you can start rebuilding your credit the day after you file for bankruptcy.
How is bankruptcy a new beginning?
So the people you owed money to before can’t keep putting that negative collection on there. So it starts over at that zero point. They can’t keep coming after you for money. You don’t owe them anymore, so you can start to borrow money and pay it back without worrying about all the old stuff staying on your credit report. So that’s how it gives you a new start and lets you “start over at 18.”
Can I still keep my car if I file for bankruptcy?
You can. A lot of people call me to ask this question, and sometimes they want to get rid of their car, which is possible. It can for sure be put into bankruptcy.
A Reaffirmation Agreement is what you sign. That agreement is just a new contract with your car company saying that you want to keep it and will still pay for it.
There is still a way to keep your car even if you fell behind on your payments. Some companies will let you catch up if you’re not too far behind in chapter 7.
Can I file for bankruptcy with no money down?
There are ways we can work things out so that you can file for bankruptcy with no money down.
Anyone can find out how much it costs to file. Chapter 7 bankruptcy costs $335, and chapter 13 bankruptcy costs $310. To file for bankruptcy, you have to pay that much to the court. Prices for lawyers vary. They vary quite a bit and depend on the client, what they want, and how much work will be done.
Can a garnishment be stopped by a Bankruptcy?
If you go bankrupt, a garnishment will stop. In Washington, you can often get a judgement against you and not even know it. They don’t necessarily have to take you to court. They send you papers that start the process of suing you, and you might not even know that you’ve been sued.
When you file for bankruptcy, that garnishment stops coming out right away.
How is Chapter 7 Bankruptcy different from Chapter 13 Bankruptcy?
Most people think of Chapter 7 when they think of bankruptcy. This is when you list your debts, like credit card debts, medical bills, collections, and other similar things, and ask the government to forgive them and take them off your credit report. It won’t get rid of most taxes or student loans, but it will get rid of all of your other unsecured debt (things that you owe).
Most of the time, you can get that based on how much money you make and what you own. We can protect some assets with something called a “exemption,” and for most people who meet the income requirements, we try to get them into a “chapter 7,” which is a quick and easy process that gets them out of debt in 90 days from the time they file. So you’re pretty quickly in and out.
Chapter 13 is a way to pay back some of your debt. How much you pay back depends on how much money you make. And that’s just a math problem that we’ll solve together to figure out how much you’ll have to pay back.
Is there a way out of bankruptcy?
Exemptions: When you file for bankruptcy, you can keep a certain amount of “stuff” from being liquidated under Chapter 7 or from being counted as an asset you can use to pay back your creditors under Chapter 13. You can choose to use either the federal or state exemptions in Washington. Talk to a lawyer about the best way to claim exemptions when you file for bankruptcy.
Chapter 11: Getting back on track
This chapter is mostly useful for businesses that want to get back on their feet. But it is also meant to help people with a lot of assets get their lives in order again. This chapter should be looked at carefully because its rules are hard to understand and decisions should be made with the help of a lawyer. I don’t use Chapter 11 to file cases.
What is bankruptcy under Chapter 13?
This type of bankruptcy lets people with regular income come up with a plan to pay back all or some of their debt. It is especially appealing to Debtors who want to keep big assets (like a house or a car) that are at risk of being taken away by the bank.
What is bankruptcy under Chapter 7?
Chapter 7: Liquidation
Most people want this kind of relief, and this is what most people think of when they hear the word “total.” It gets rid of all unsecured debt, like credit card bills and medical bills. Most of the time, Chapter 7 does not wipe out tax debts or student loans. There are rules about when taxes can be wiped out.
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