Law Office of Rick J. Deal, P.C.
Overwhelmed by Debt?
Find Your Path to Relief
Find the Right Debt Relief Option
BANKRUPTCY OPTIONS
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Families Guided with Care
CHAPTER 13
Protect Property & Catch Up
Chapter 13 can help stop foreclosure, address past-due mortgage or vehicle payments, deal with tax debt and reorganize your finances through a court-approved repayment plan.
BANKRUPTCY PROTECTION
What Happens When I File Bankruptcy?
Filing bankruptcy generally triggers the automatic stay, which stops most collection activity while your case is pending. This can stop creditor calls, collection lawsuits, wage garnishments and many repossession and foreclosure efforts.
Bankruptcy can also provide a structured way to address your debts. Chapter 7 may eliminate qualifying debts, while Chapter 13 may allow you to protect property and reorganize debts through a repayment plan.
Every situation is different. I can explain what bankruptcy would—and would not—do in your particular circumstances.
BANKRUPTCY MAY PROVIDE RELIEF
Is Debt Creating Any of These Problems?
01 — Creditor Lawsuits & Collection Pressure
If creditors are calling, suing you or pursuing collection, filing bankruptcy generally triggers the automatic stay, which stops most collection activity and gives you an opportunity to address the underlying debt.
02 — Foreclosure & Repossession
If you are behind on your mortgage or vehicle payments, Chapter 13 may allow you to stop a pending foreclosure or repossession, protect your property and repay your debt on those assets over time.
03 — Credit Cards, Medical Bills & Unmanageable Debt
If minimum payments and collection accounts have become impossible to manage, bankruptcy may eliminate qualifying unsecured debts or allow you to reorganize your debts through a court-approved repayment plan.
04 — Tax Debt & Wage Garnishment
Bankruptcy may provide options for certain tax debts and generally stops most wage garnishments while the automatic stay is in effect. The treatment of tax debt depends on the type of tax, when it became due and other circumstances.
Which Type of Bankruptcy is Right for Me?
Chapter 7 and Chapter 13 provide different forms of debt relief. The right option depends on your income, debts, property and what you need bankruptcy to accomplish.
CHAPTER 7
CHAPTER 13
Chapter 7 may allow you to eliminate many unsecured debts, including credit cards, medical bills, personal loans and collection accounts. It is generally best suited for people who qualify and do not need a long-term repayment plan to protect property or catch up on secured debts.
Chapter 13 may allow you to stop a pending foreclosure, protect your home, and catch up on past-due mortgage or vehicle payments, address certain tax debts and reorganize other debts through a court-approved repayment plan. Plans generally last three to five years.
BANKRUPTCY OPTIONS
Eliminate Qualifying Debt
Protect Property & Catch Up
Not sure which chapter fits your situation?
That's something we can determine during your consultation based on your income, debts, property and what you need bankruptcy to accomplish.
BANKRUPTCY RESOURCES
Learn More About Your Bankruptcy Options