Bankruptcy – Fresh Start
Despite what you may have heard, the bankruptcy process is still available for those who need to find their way out of debt.
For most people, the word “bankruptcy” has a negative stigma, but why? Bankruptcy isn’t illegal, immoral or unfair to anyone. It is our legal right granted to us living in the United States, and is a practice performed millions of times each year by individuals and corporations.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy provides for “liquidation” or elimination of unsecured debt. It provides relief from credit card debt, personal loans, medical bills, payday loans, and other credit that is not secured by property.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is a repayment or reorganization of debts. It is also called a wage earner’s plan because it requires individuals to have a source of income to afford and maintain the repayment obligations.
Debt forgiveness has origins in the Old Testament and is prominently mentioned in the New Testament.
Repossession, foreclosure, garnishment, liens and ultimately bankruptcy are intrinsically built into our economic and monetary systems. This is because of the way in which money is created in our country. It is also due to the existence and compounding of interest.
Bankruptcy is about getting a fresh start and recovering from the difficulties of past circumstances. It is about understanding the situations and conditions that brought about the need for bankruptcy and learning from the experience.
Bankruptcy is simply a debt solution. Bankruptcy attorney Kevin T. Simon can help you get a fresh start if you need one.
During a free consultation, we can evaluate your financial circumstances and let you know which type of bankruptcy is best for you.
Determining eligibility for bankruptcy is a complicated process. We will look at your situation objectively and advise whether bankruptcy is the best option.
Call (818) 783-1674 or contact us online to schedule a Free Consultation with bankruptcy lawyer Kevin Simon.