Are you thinking about filing bankruptcy in Paulding County?
Are you thinking about filing for bankruptcy but aren’t sure where to begin? As the founding attorney at the Cherney Law Firm, LLC, I understand that merely “contemplating” bankruptcy is a big step for a lot of people. In the past bankruptcy has earned a bad reputation; however, filing for bankruptcy is not a bad thing if it will turn your situation around for the better.
I want you to know that since 2006, I have personally handled thousands of bankruptcy cases in Paulding County and the surrounding areas. I have helped countless clients who had been fired, laid off, or on unemployment for many months. I have seen it all and most of my clients landed in their situation for reasons completely beyond their control. Many such clients could no longer afford their ballooned mortgage payments, or their job layoff led to marital troubles and divorce. Others wound up hospitalized due to an accident or an illness, and they were stuck with tens of thousands in medical debt they could never afford to repay.
Financial troubles are directly correlated to stress, insomnia and marital strife, all of which can have a huge impact on your overall happiness and your family’s happiness. Fortunately, bankruptcy is one very real and practical solution that has helped millions of Americans in your shoes. If you would truly benefit from filing a Chapter 7 or Chapter 13 bankruptcy, then it would be a wise idea to learn all about the bankruptcy exemptions, the many benefits of bankruptcy, and how bankruptcy can put an end to creditor harassment.
What are your options?
There are two main types of consumer bankruptcies; they are the Chapter 7 and Chapter 13 bankruptcy. In order to determine which type you qualify for, you will need to take the bankruptcy means test. This is a simple test that compares your income and household size to the median income of the state. If your income falls below the guidelines, then you qualify for a Chapter 7 (debt liquidation) bankruptcy. This Chapter is reserved for those who really need it; therefore, if you’re unemployed or earn very little every month, this is probably the bankruptcy for you.
On the other hand, the Chapter 13 bankruptcy is considered the “debt reorganization” bankruptcy. With the Chapter 13, your debts are reorganized into one monthly payment that you can comfortably afford; these monthly payments are paid directly to your bankruptcy trustee, who then distributes the money to your creditors. Chapter 13 repayment plans are paid off over a 3 to 5 year time period. Depending on how much you earn and how much disposable income you have, you could wind up paying all or merely a fraction of what you owe. Chapter 13 bankruptcy is also the bankruptcy of choice for those whose homes are facing foreclosure but wish to remain in their home and not be forced to give it up to the bank.
If Bankruptcy Isn’t Right for You
I take my job as a bankruptcy attorney very seriously; I am not only here to guide my clients through the bankruptcy process, but I am also here to help those who don’t want to file for bankruptcy and for those who don’t see bankruptcy as an option. Bankruptcy is not for everyone, and I understand quite well that choosing to file for bankruptcy is a very personal decision. For some of my clients there are alternatives to bankruptcy that make more financial sense and these may include debt negotiation or debt settlement. If you are interested in one of these options, I would be happy to review these and any other possible alternatives for your particular situation.
If you would like more information about your debt relief options, I urge you to contact The Cherney Law Firm to schedule your free consultation. I pride myself on making myself available to my clients and delivering personalized legal representation. I want to make the process as smooth and streamlined for you as possible; therefore, I gladly offer weekend appointments so you don’t have to miss work in order to meet with me.
There is light at the end of the tunnel and by obtaining professional debt relief advice, you can be confident knowing that whatever decision you ultimately make, it will be an informed one. Please call me today so we can get started moving forward and finding the most viable solution for your financial situation.