Some people think that filing bankruptcy is a negative event in life. This mode of thinking comes from the lax laws surrounding bankruptc filings before they were overhauled. Now, bankruptcy is only a viable option for people who meet specific requirements. With the new guidelines, this is a viable legal option that people can use to get back on a responsible track with their finances. We are here to help you learn about how bankruptcy can help you to move forward and discover the financial freedom you deserve.

Filing bankruptcy isn’t giving up on your debts. Instead, it lets your creditors know that you care about your responsibilities enough that you aren’t going to string them along when you know you can’t pay them. Depending on the chapter you file, you will either make payments to the trustee or your non-exempt assets will be liquidated to pay off your creditors. Whatever balances remain after your payments or after the liquidation will be written off.

One of the concerns that many people have when they file is what will happen afterward. The answer is that it is going to be challenging to rebuild your credit, but it is possible. You will have to learn to live on what you make instead of relying on credit accounts. This will help you as you rebuild your finances since you will learn how to budget the money you make.

The chapter you file depends on a variety of factors. We can review your situation and let you know which one is most appropriate for your fiscal circumstances. From there, we can work with you to ensure you meet the requirements so we can get your case moving forward.