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BANKRUPTCY

Bankruptcy is a way for people saddled with overwhelming debts to get a second chance. In more than 40 years combined experience handling bankruptcies we have helped thousands of families and individuals discharge millions of dollars of debt. As hard as this may be to believe, filing bankruptcy can actually increase your credit score. It typically adds as much as a hundred points or more to your score by getting rid of debt you could not pay off – making you tens of thousands of dollars richer.

 

Call NOW to discuss. (800) 404-1921

Famous Bankruptcies:

Look at this list--Many of these people were able to achieve great success after they received debt relief. Are you next?

 

POLITICIANS: Abraham Lincoln; Thomas Jefferson; Ulysses S. Grant; Daniel Webster; George McGovern; John Connally; William McKinley; J. Fife Symington

 

FAMOUS PEOPLE: Walt Disney; Henry Ford; William Durant; Larry King; Donald Trump; P. T. Barnum; H.J. Heinz; Mark Twain; Oscar Wilde; William Fox; Milton Hershey

(More in the Gouner Blog on Bankruptcy! Click here...)

 

How does the credit score work?

 

According to experts, your credit score is figured this way:

 

•35% of your score is based on your debt history.

•30% is based on your debt level.

•15% is based on the length of time you’ve been in debt.

•10% is based on new debt.

•10% is based on type of debt.

 

As you can see, winning the lottery will not have any immediate effect on your score. That’s because credit worthiness is not directly based on personal wealth or income, but on your outstanding debt and payment history.

Bankruptcy is a way for people saddled with overwhelming debts to get a second chance.

 

In more than 40 years combined experience handling bankruptcies we have helped hundreds of families and individuals discharge millions of dollars of debt

 

 

FORMS

Here are the bankruptcy forms for your convenience.

 

PDF Document:

BANKRUPTCY FORMS

 

BANKRUPTCY LAWS

HAVE CHANGED.

CLICK HERE FOR

 RECENT UPDATES

 

WHAT IS BANKRUPTCY?

 

Bankruptcy is a legal proceeding available to a person to help cope with a financial crisis.  The main purpose of bankruptcy is to provide a fresh financial start and give you a new lease on life.

 

By law, your creditors are not allowed to contact you.  Garnishments are ordered stopped as of the date of the case filing.  Secured creditors such as banks cannot foreclose on your house or car without the approval of the bankruptcy Court.

 

Most people who file bankruptcy get credit within a short time of the discharge.  Although no one ever wants to have to file for bankruptcy, those who do are in good company.  Famous people who have filed for bankruptcy include Mark Twain, Milton Hershey, and more than one president.

 

KINDS:

 

The two most used types of bankruptcy are Chapter 7 and 13.

 

People who file Chapter 7 cases get a true “fresh start.” Most debts are wiped from your record.  You can generally keep your cars and home if you continue to make your payments and may sign a new agreement with the creditors on this property. Credit cards and signature loans are usually wiped out completely.

 

Chapter 13 allows you to repay and restructure debts.  This type of bankruptcy is used most often when someone is behind on house or car payments and is attempting to stop foreclosure.  It allows for the changing of payment schedules so that secured property can be saved.

YOUR CREDIT AFTER BANKRUPTCY:

Often your credit will actually be better after bankruptcy. A Chapter 7 case can only be filed once every eight years so once your case is over new creditors are protected.  Lately, people are finding that they are able to get new credit soon after their discharge – and often from the same creditors they worked with before filing.

 

What Happens When I File?

What will happen when you file for bankruptcy? What can you expect? What comes next may play an important role in helping you make the right decisions for your unique financial situation.

In nearly 15 years of doing bankruptcies, no client has reported having a harder time obtaining credit after their case.

One way to think of it is this: by the time most folks file for bankruptcy protection their credit is “ruined” anyway.

 

95% of People Qualify for Bankruptcy.

 

Whether you qualify for bankruptcy is not usually the right issue. The real question is, Do you even need to file?   There are few individuals that don't qualify for some type of bankruptcy filing. This is not always what everyone needs in order to handle a debt situation.

 

Changes passed in 2005 were meant to make it more difficult to file for bankruptcy.  We have seen that about 95% of individuals who would have qualified to file a Chapter 7 still are able to file.  Those that do not qualify for Chapter 7 are able to file a Chapter 13.  The question of which bankruptcy chapter is right for you depends entirely upon factors specific to your case and can only be answered after a full, confidential consultation with an experienced Louisiana bankruptcy attorney.

 

After you file your bankruptcy petition, an automatic stay will be issued by the Bankruptcy Court. This prevents any type of further collection activity and harassment by creditors or debt collectors, including lawsuits.  With bankruptcy, garnishments, foreclosures, lawsuits, and repo activities all stop. This is the first step in experiencing relief from overwhelming debt.

 

Bankruptcy Myths Exposed

 Filing for bankruptcy is not the end.  Your credit rating usually IMPROVES  after a bankruptcy.  You will not likely lose your home or vehicle.  Usually, your employer, family, and friends will not know about your decision to file.  Click on the link below to review the most common myths about bankruptcy and the real truth.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Sonya Ryland

of Counsel in

Bankruptcy and Family Law

Call my office to discuss bankruptcy in detail.

Payment options are available.

GOUNERBLOG

Fact-based insight and observations on the law surrounding DWI and other legal issues.

 

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Five Things "THEY"

Don't Want You To Know

About Bankruptcy

There is a lot of misinformation about bankruptcy. Some of it is intentionally spread by people with an agenda to keep their customers from filing for relief. Here are five things the established, big creditors do not want you to know about the bankruptcy process.

 

Clearing The Air About Bankruptcy

There are many misconceptions about bankruptcy, so let’s clear the air: We get fairly regular calls at our office asking if Congress ended bankruptcy years ago. The fact is…bankruptcy is still an available option. Once you file, the automatic stay (which suspends a lawsuit, eviction, or debt collection proceedings) still goes into effect and immediately stops collection efforts. You may even be able to get back some of your garnished funds...

 

 

CHECK OUT MORE

LEGAL INFORMATION  AT

GOUNERBLOG

 

 

We represent clients throughout Louisiana, including the communities of Baton Rouge, Gonzales, Livingston, Plaquemine, Shreveport, Thibodaux, Lafayette, Hammond, Covington, Iowa, Jennings, Assumption, Slidell, Metairie, Kenner, New Orleans, Houma, and others including East Baton Rouge Parish, West Baton Rouge Parish, Ascension, Assumption, Jefferson Davis, St. Tammany, Jefferson, Iberville, Lafourche, Terrebonne, Livingston, Lafayette, Tangipahoa, St. Martin, Assumption, Rapides, and Amite Parish, LA.

 

GOUNERBLOG

Fact-based

insight and observations on the law  surrounding DWI and other legal issues.

 

Five Things "THEY" Don't Want You To Know About Bankruptcy

There is a lot of misinformation about bankruptcy. Some of it is  spread to keep customers from filing for relief. Here are five things the big creditors do not want you to know.

Clearing The Air About Bankruptcy

We get often get calls asking if Congress ended bankruptcy years ago. The fact is…bankruptcy is still an available option...

 

Bankruptcy and Medical Debt

Despite the government’s  affordable care, millions of Americans have no medical insurance. Many are forced into personal bankruptcy when they are unable to pay medical bills.

 

When Bankruptcy Increases Your Credit Score

As hard as this may be to believe, filing bankruptcy can actually increase your credit score. It can add as much as a hundred points or more to your score by getting rid of debt you could not pay off--making you tens of thousands of dollars richer.

 

CHECK OUT MORE

LEGAL INFORMATION  AT

GOUNERBLOG

BATON ROUGE

225-293-6200

 

TOLL FREE

800-404-1921

BANKRUPTCY

Bankruptcy is a way for people saddled with overwhelming debts to get a second chance. In more than 40 years combined experience handling bankruptcies we have helped thousands of families and individuals discharge millions of dollars of debt.

 

 

As hard as this may be to believe, filing bankruptcy can actually increase your credit score. It typically adds as much as a hundred points or more to your score by getting rid of debt you could not pay off – making you tens of thousands of dollars richer.

Famous Bankruptcies

Look at this list--Many of these people were able to achieve great success after they received debt relief.

 

Are you next?

 

  • Abraham Lincoln
  • Thomas Jefferson
  • Ulysses S. Grant
  • Daniel Webster
  • George McGovern
  • John Connally
  • William McKinley
  • J. Fife Symington

 

OTHER FAMOUS PEOPLE

  • Walt Disney
  • Henry Ford
  • William Durant
  • Larry King
  • Donald Trump
  • P. T. Barnum
  • H.J. Heinz
  • Mark Twain
  • Oscar Wilde
  • William Fox
  • Milton Hershey

CONVENIENT PAYMENT

11750 Bricksome Avenue

Baton Rouge, LA 70816