Buried in Bills? Bankruptcy Basics
One of the ways that The Burley Law Office help families is by providing full-service bankruptcy representation.
Bankruptcy can give you a fresh start financially, and it can provide a period of relief from bill collectors while you reorganize your finances.
Chapter 7 bankruptcy is sometimes known as "fresh start," or "clean slate" bankruptcy. If the clients' income and expenses meet the requirements to file a Chapter 7 bankruptcy, many types of debt are discharged in a short amount of time. This means that the client is no longer responsible to pay these bills. Some types of bills, such as taxes and student loans cannot be discharged unless there are special circumstances. Chapter 7 filers can usually keep most of their personal property, including cars, homes and household goods.
Chapter 13 bankruptcy is useful for consumers who don't meet the income requirements for Chapter 7, or who have non-exempt assets that they would lose in a Chapter 7 case. In a Chapter 13 case, debt is paid down over a 3 - 5 year period. At the end of the plan, remaining unsecured debt is discharged.
Attorney Betty Burley is admitted to practice in the bankruptcy courts in both the Eastern (Cleveland) Division and the Western (Toledo) Division.
Please fill out your bankruptcy questionnaire by clicking the link below and call us at (440)967-1529 to schedule your personal consultation today.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”