You Have Options Available
When seeking debt relief, it is important that you understand the different options available and how they apply to your unique circumstances, including whether to file Chapter 7 or Chapter 13 bankruptcy.
Appleton bankruptcy lawyer Timothy J. Helbing at the Helbing Law Office, LLC, understands the difficulties and stress caused by financial problems. Our goal is help you find debt relief that best suits your individual needs.
Stop wondering what option is the best for your situation. Contact our Appleton bankruptcy lawyer at 866-654-1317.
Appleton and Oshkosh Chapter 7 Lawyer
Chapter 7 bankruptcy may be the best option for you if:
- You own only the basic necessities such as clothing or furniture
- You have trouble meeting your basic monthly expenses
- Most of your debt is unsecured, such as credit card or medical debt
The advantages of a Chapter 7 bankruptcy are that most of your unsecured debt will be eliminated. Also, your creditors are prevented from contacting you while the Chapter 7 is in progress. Once you are granted a discharge, usually within four to five months, your creditors can never contact you regarding the debt.
Appleton and Oshkosh Chapter 13 Attorney
Chapter 13 bankruptcy may be the best option for you if:
- You have equity in your home, vehicle or other property
- You have a steady income, but cannot meet your scheduled payments due to a temporary setback
- You are behind on your mortgage or vehicle and need time to catch up
The advantages of a Chapter 13 bankruptcy are that you can generally keep all of your property while in the bankruptcy. You will have three to five years to catch up on your past-due mortgage or car loans. Once you successfully complete the repayment schedules, the remaining balance on your unsecured debt will be discharged.
Contact Us
To schedule an appointment with an experienced debt relief and bankruptcy attorney to discuss whether Chapter 7 or Chapter 13 bankruptcy is right for you, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
