Personal debt is an overwhelming burden. Facing a home foreclosure due to unforeseen circumstances can be devastating. The U.S. Bankruptcy Code was designed to lift this burden and create a fresh start for individuals. It can also be used to help rescue your home from foreclosure. The attorneys at Robinson, Kriger and McCallum can ensure a majority of your assets are protected during the bankruptcy process.
We understand the decision to file bankruptcy is difficult. We will help you through this process with compassion and understanding. We provide a wide range of debt relief services. These include in depth analysis and counseling services for alternatives to filing bankruptcy in addition to full representation in preparing and filing bankruptcy plans.
Chapter 7 Bankruptcy
This type of bankruptcy can be completed within several months from the date it is filed. It provides a “discharge” of most consumer debt including credit card, medical and other general debt. Some tax debt can also be discharged. We will ensure you retain a majority of your assets during this process including your home, car and personal property. We will also analyze and ensure your retirement accounts will be preserved during and after the bankruptcy.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a 3-5 year repayment plan of a portion of your debt. There are many reasons to file Chapter 13 bankruptcy instead of Chapter 7. If you are involved in a home foreclosure action, Chapter 13 can be used to stop the foreclosure and save your home.
Chapter 13 is also used to discharge tax penalties and assist in paying certain tax debts that cannot be discharged in Chapter 7. Finally, those individuals who do not qualify for Chapter 7 due to income, can file under Chapter 13 and create a comfortable debt repayment plan customized to their actual income and expenses.