Financial difficulties can be stressful and overwhelming for any consumer, often leading to wage garnishments, home foreclosures, or vehicle repossessions. The United States Bankruptcy Code allows individuals an opportunity to free themselves of these stresses in the form of a Chapter 13 or Chapter 7 bankruptcy. In short, filing for bankruptcy serves three primary functions:

  1. STOPS harassing creditors, foreclosure activity, car repossessions, and wage garnishments.
  2. PROTECTS your assets, including your property, vehicles, and additional assets. 
  3. ELIMINATES some or all of your debt.

At the Sisk Law Firm, my goal is to understand your specific financial legal issues so that I can best advise you on how to put them behind you and start anew. Most of my clients express concerns over the future impact bankruptcy may have on their credit and the ability to one day purchase a house or a car, for example. Bankruptcy allows you to lower your debt to income ratio, which means that it will provide a path for you to eliminate or reduce the total amount of debt you owe and free up your monthly disposable income. This is important for you moving forward, as lenders will always consider your ability to repay your monthly mortgage payment or car note, and having too much debt owed to your creditors can prevent loan approval.  Now your credit can get back on track, thereby removing those creditors negatively affecting your credit report, which ultimately allows you to secure financing after your case has completed.

 But what are my bankruptcy options? With Sisk Law Firm, I can offer you the following:

1. CHAPTER 7

2. CHAPTER 13

3. NON-BANKRUPTCY OPTIONS

 
 

Now, let's compare those options

 
Chapter 7

Chapter 7 Bankruptcy is a short process that allows qualifying debtors to wipe out their debts by liquidating their nonexempt assets in order to repay their debts.

 

Chapter 13

Chapter 13 Bankruptcy is a debt reorganization plan that allows debtors to repay some or all of their debts over a 3-5 year period. Most importantly, it stops foreclosures, repossessions, and wage garnishments immediately upon filing.  

Non-bankruptcy Options

Bankruptcy is not for everyone. Debt settlement solutions may allow you to keep your property and avoid a lengthy repayment plan while avoiding any impact a bankruptcy may have on your credit.

 
 

Get your finances back on track.

Hiring Chris is the first step to relieving your financial burden.