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Bankruptcy Attorney Near Me

Bankruptcy Attorney Near Me

Experiencing financial difficulties is a situation many people face at some point in their lives. When debts become unmanageable, one option for regaining financial control is to file for bankruptcy. If you find yourself in such a predicament, remember that filing for bankruptcy is not a failure. It is a legal tool designed to provide relief and pave the way toward a more secure financial future. 

At Wright Family Law Group, we guide individuals through this complex process with understanding, professionalism, and care. If you’ve been searching for a bankruptcy attorney near you who can provide realistic solutions to reducing or eliminating your debt, please give our offices a call.

Understanding Your Options: Chapter 7 and Chapter 13 Bankruptcy

There are several types of bankruptcy filings available for individuals, each suited to specific circumstances. The majority of individual filers will use one of two options, known commonly as Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy

Referred to by some people as “liquidation” bankruptcy, Chapter 7 involves discharging most of your unsecured debts. It offers a fresh start, but it might require the sale or liquidation of some non-exempt assets. However, exemptions often protect essential items such as your primary residence, a vehicle, household goods, and personal belongings, and liquidation will not be required at all in many Chapter 7 filings. This option is typically chosen by those with limited income who have debts they cannot reasonably pay back.

Chapter 13 Bankruptcy

Chapter 13, on the other hand, is a “reorganization” bankruptcy. It involves establishing a repayment plan that allows you to pay off your debts over time, typically spanning three to five years. This option may allow you to retain certain assets while making manageable monthly payments towards debt reduction. It is often chosen by individuals with regular income who are able to pay back at least a portion of their debts or those who exceed the income limitations for Chapter 7 filing.

The decision between Chapter 7 and Chapter 13 bankruptcy depends on your specific financial circumstances, which is why consulting with an experienced bankruptcy attorney near you is crucial.

How Wright Family Law Group Can Assist

Navigating bankruptcy can be complex, but guidance from Wright Family Law Group can make the path clearer and more manageable. Our team conducts a detailed evaluation of your current finances, helps gather necessary financial documents, determines the best filing type for your situation, and assists in completing mandatory pre-bankruptcy counseling and debtor education courses.

Our services extend beyond the bankruptcy process. We offer an annual financial review program for individuals who have completed their bankruptcy case. This program focuses on building and maintaining positive financial habits to create a more stable economic future.

Seeking Help is Your First Step Toward Positive Change

Bankruptcy can be a daunting prospect, but it does not have to be faced alone. Wright Family Law Group is ready to assist. Our mission is to empower clients to regain control of their financial situation and take steps toward a brighter future. Contact us today for a consultation with an experienced bankruptcy attorney near you and let us guide you every step of the way.

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