Basics of bankruptcy

If you are unable to pay your debts, you may want to seriously consider bankruptcy. Although the thought of bankruptcy may seem frightening, like most things, it becomes less frightening the more you know about it. We urge you to come in and discuss your situation with us.

Bankruptcy is a legal process in which people with overwhelming debt can regain financial footing. Depending on the type of debt and the form of bankruptcy filed, you can have some or all of your debt erased. Immediately after filing bankruptcy, garnishments, repossessions and foreclosures can be stopped.

Consumer debtors may file two types of bankruptcy. Chapter 7 bankruptcy is considered liquidation, while Chapter 13 is a repayment plan of some or all of your debts.

To learn more about bankruptcy, or to discuss your personal financial situation with an experienced Dayton bankruptcy attorney , please contact your Dayton bankruptcy attorney today at Helen Wallace, Attorney at Law by clicking on the preceding link, by e-mail to hw@helenwallacelaw.com or by telephone to (937) 654-6800.

The contents contained in Helen Wallace, Attorney at Law’s Blog and Web Page(s) are for educational and informational purposes only, and shall not be construed as legal or tax advice. The reading of Helen Wallace, Attorney at Law’s Blog or Webpage does not create an attorney/client relationship with Helen Wallace, Attorney at Law. Please consult an Attorney in your jurisdiction (where you live or where the legal action arose) if you are seeking legal advice or representation. Please further be advised that Helen Wallace, Attorney at Law is a debt relief agency and helps people file for bankruptcy relief under the United States Bankruptcy Code.

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