Is bankruptcy the right choice to improve your finances?
It’s the beginning of a new year. Many people have made resolutions to get fit, find a new job, and solve their financial troubles.
If you’re drowning in a sea of debt, looking for a lifesaver to cling to…you are not alone. Each year in the United States, hundreds of thousands of people experiencing divorce, job loss, an unexpected injury, disability, or other sudden financial stressors find themselves traveling down the path to bankruptcy. If you feel there is no way out of all your years of debt, take comfort in knowing that getting back on your feet financially may be as simple as filing bankruptcy.
Chapter 7 and Chapter 13 are different kinds of bankruptcy that can be filed. You may be eligible for one or both. The Gouner Law Office has a combined experience of over 50 years handling thousands of bankruptcy cases. Both Sonya Ryland and I have discharged millions of dollars of debt, involving all chapters of consumer bankruptcy.
Most people who complete their bankruptcy process will end with a “clean slate.” There are certain debts, however, which cannot be discharged. These include income tax debts, criminal restitution, and child support and alimony, to name a few. Many people are concerned about what a bankruptcy will do to their credit score. Don’t believe the myths. At our office, no client has ever reported any issues getting credit after finishing a bankruptcy.
If you take the time to schedule a consultation with our office, we will review your assets and debt and advise you of the best way to proceed. Our lawyers can even help ensure you are able to keep certain assets, such as your car and/or home.