Bankruptcy can be one of the most daunting and difficult decisions a person is faced with, but we can help make the process as smooth and painless as possible. Bankruptcy does not have to take over your life, and you do not have to let the common fears that accompany bankruptcy dominate your thoughts and your well-being. If you are facing significant amounts of debt that you cannot pay, foreclosure, or a lawsuit judgment, then we can help guide you through the process of bankruptcy and back to financial freedom.
We get it and we see it everyday: good people come upon hard times through no-fault of their own such as medical bills and expenses, credit card debt, job loss, a family event, or growing interest rates from often times deceptive credit companies.
We provide advice and guidance for Chapters 7 and 13 bankruptcy and we are committed to putting an end to the harassing and obnoxious calls and collection tactics from creditors and working to get your financial future back on track.
Chapter 7 bankruptcy is generally known as a debt liquidation event that does not require the restructuring of debt or a repayment plan and your debt is extinguished (discharged) once your case is finalized and approved. Generally, the entire process for Chapter 7 bankruptcy ranges from three to six months and once you have filed for bankruptcy, creditors are prohibited from continuing their harassing and obnoxious debt collection tactics. Reeves Law Firm can provide you with a thorough analysis of your case in order to help you understand your rights and options and to help you come up with a plan for taking back your financial future.
Chapter 13 bankruptcy is generally known as a debt repayment plan where we will help you develop and implement a plan of debt repayment with you and your creditors which will allow you to keep most, if not all, of your assets. There are certain criteria to meet in order to file Chapter 13 bankruptcy and we can help you determine if you meet those criteria. With Chapter 13 bankruptcy, all of your debts are not immediately extinguished (discharged) as they would be with chapter 7, but rather your debts are consolidated into a repayment plan over a three- to five-year repayment period and you will make those payments directly to the plan trustee rather than the creditor. Upon completion of the repayment plan and making all of the agreed upon payments over the three- or five-year period, your debts will then be discharged. Generally, Chapter 13 bankruptcy can be a very viable option to stop foreclosure on your home or as a response to a lawsuit filed against you. Reeves Law Firm can provide you with a thorough analysis of your case in order to help you understand your rights and options and to help you come up with a plan for taking back your financial future.