Bankruptcy Law

WHAT IS BANKRUPTCY

Bankruptcy is a Federal Law that allows individuals in debt to discharge his or her liabilities in order to reestablish their credit and regain control of their lives. The two primary types of Bankruptcy for individuals are the Chapter 7 (Fresh Start/Liquidation) and the Chapter 13 (Repayment Plan). The attorneys at Barr, Jones & Associates LLP have extensive experience handling both Chapter 7 and Chapter 13 cases.

CHAPTER 7 BANKRUPTCY

Chapter 7 Bankruptcy allows people to immediately eliminate their debt without making payments. It provides people with a financial fresh start. It is a relatively quick process with only one brief court hearing. Individuals have to qualify for a Chapter 7 Bankruptcy based on income levels. In most cases individuals are able to keep their homes, cars and retirements while filing for bankruptcy protection.

CHAPTER 13 BANKRUPTCY

Chapter 13 Bankruptcy allows people with higher income levels to file for bankruptcy protection by making monthly payments to the bankruptcy court in order to pay down debt. The debt is often paid down at reduced balances and lowered interest rates.

HOW BARR JONES & ASSOCIATES LLP CAN HELP

Our attorneys have experience with the bankruptcy courts. Our firm is a federally designated debt relief agency. We are qualified to aid people in filing for bankruptcy relief. We can properly advise you of your options while answering the many questions that you may have. Call us today for your free telephone consultation. Let us show you why Barr, Jones & Associates LLP is a wise decision to help you regain control of your life and obtain your financial freedom once again.