Suppose you are struggling to keep up with your debt and feel overwhelmed. In that case, it’s important to know that you’re not alone and that solutions are available. Filing for bankruptcy can give you a much-needed fresh start on your finances. At Brandon Ellis Law Firm, we understand the complexities of bankruptcy law. We can guide you through the process of exploring your debt relief options.

Bankruptcy Introduction

Several types of bankruptcy are available to individuals in the USA, including Chapter 7 and Chapter 13. Each type has its own eligibility requirements, pros and cons, and may be best suited for different situations. Our attorneys will work with you to determine which type of bankruptcy is best for your specific case and help you understand the process, including the paperwork, timeline, and costs involved.

Chapter 7 bankruptcy is also known as “liquidation”; it’s for individuals or couples with little to no disposable income and few assets. Most forms of unsecured debt, including charge cards, medical bills, and personal loans, are dischargeable under this section.

Chapter 13, also known as “reorganization” bankruptcy, is for individuals and couples with a regular income and the ability to repay some of their debt. This type of bankruptcy allows you to keep your assets and restructure your debt into a manageable repayment plan, usually over 3 to 5 years.

Protecting Your Assets

One of the concerns of filing for bankruptcy is the possibility of losing assets like a home or a car. Our attorneys will work with you to understand the exemptions and property laws in the state and ensure that you can protect as many of your assets as possible during the bankruptcy process. We will also guide you through determining which assets are exempt from bankruptcy filing and which are not.

Rebuilding After Bankruptcy

Filing for bankruptcy can be a difficult decision. However, it is also an opportunity to start fresh and rebuild your credit. At Brandon Ellis Law Firm, we understand that financial stability is essential. With our help, you can regain control of your finances and start on the path to financial freedom.

Contact Brandon Ellis Law Firm Today

If you’re struggling with overwhelming debt and considering filing for bankruptcy, you must consult a qualified attorney. At Brandon Ellis Law Firm, we have extensive experience in helping individuals and businesses navigate the complexities of bankruptcy law. Contact us today to schedule a free consultation and learn more about how we can help you get out of debt and get a fresh start on your finances.