If you are underwater with debt and falling behind on your bills, bankruptcy might be the solution for you. There are several options that may be available, including filing for Chapter 7 or Chapter 13 bankruptcy.
At The Law Office of Shlomo Himmel, we understand how overwhelming it can be to face the prospect of declaring bankruptcy. However, we strongly encourage our clients to look at bankruptcy as an opportunity to start fresh and get a second chance.
We know that often "life happens" and it can sometimes become impossible to catch up on bills once you have fallen behind. That is why we urge you not to delay; schedule a consultation today to find out what options you may have.
Types of Bankruptcy:
- Chapter 7: allows individuals to liquidate their debt and often keep their property.
- Chapter 13: allows individuals to pay off some of their debt in three to five years.
- Chapter 11: allows businesses or people with substantial assets to declare bankruptcy.