For those who are facing financial hardship due to debt, bankruptcy can be a helpful legal process to consider. This option provides protection from creditors and can lead to either a full or partial discharge of debts. Consumers have access to two types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 involves liquidating assets to pay off debts, which ultimately results in complete debt relief.

On the other hand, Chapter 13 enables individuals to establish a repayment plan to gradually pay off their debts over time. It is important to carefully consider all options and seek professional advice before deciding on the best course of action.

The bankruptcy law process has experienced significant adjustments in the aftermath of the pandemic. In order to be eligible for complete discharge under Chapter 7, debtors are now mandated to complete credit counseling and successfully undergo a "means test" evaluation. If they do not satisfy the criteria for Chapter 7, they are required to file under Chapter 13.

We're here to help you every step of the way during the bankruptcy process. Our consulting services offer guidance on exploring options before filing, and we provide support until your debts are discharged or a repayment plan is successfully implemented. With our team by your side, you can navigate the complexities of bankruptcy and achieve a favorable outcome.