Chapter 7 and 13: Personal Bankruptcy
If you qualify, a Chapter 7 Bankruptcy can help you discharge most of your unsecured debts, except for some student loans and taxes. You can often keep your vehicle and home in a Chapter 7 if you are current on your mortgage and vehicle payments.
If you're behind on your mortgage or car payments, a Chapter 13 could help you keep your vehicles and home, while getting caught up. A Chapter 13 plan is designed to get you current on your home and/or car payments over 60 months, while stopping creditors for taking any actions against you or co-debtors. You can make a plan to repay government debts voluntarily, and, you can discharge other unsecured debt through a Chapter 13.
Schedule your Free Consultation at our Trumann office or via Phone to learn more. We look forward to meeting with you.