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Contact an experienced bankruptcy attorney at Moorehead Hughes & Assoc., LLC to learn more about your debt relief options, including Chapter 7 and Chapter 13 bankruptcies. |
The amount of your debt, your income, and your current financial obligations are all factors that our firm considers when advising clients on their options for seeking debt relief. Listed below are the two main types of bankruptcy individuals file:
Chapter 7
As the most common type of bankruptcy proceeding, our firm has handled numerous Chapter 7 cases. In a Chapter 7 bankruptcy, the debt you have incurred may be discharged and you may not have to repay your creditors. Not all types of debt are available for discharge and not everyone will qualify for a Chapter 7 bankruptcy. Additionally, though you get a fresh start, filing for a Chapter 7 requires extensive documentation of your finances, debt, and obligations. Contact an attorney at our firm today to learn more about Chapter 7 and whether you qualify for this type of relief.
Chapter 13
If you do not qualify for a Chapter 7 bankruptcy, you may qualify for a Chapter 13 bankruptcy. By seeking a Chapter 13 bankruptcy, you are agreeing to the repayment of some or all of your debt. Whether you repay the entire debt or just a portion of it depends on your individual situation. Our bankruptcy attorney can examine your situation and help you determine the amount of debt you will have to repay.
The bankruptcy laws changed in late 2005. Though there are new laws that govern the way in which we handle bankruptcy matters, it is still possible for you to file for bankruptcy under these new laws.
Contact a bankruptcy lawyer at the law firm of Moorehead Hughes & Assoc., LLC today to schedule your free initial consultation. During this time, you can speak personally with attorney Dianne Moorehead Hughes about your specific case and needs. Flexible appointment times are available.
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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2008 by Moorehead Hughes & Assoc., LLC (410) 879-8807. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. |