Settle Your Debts
White Plains Settlements Attorney Explains How to Settle Your Debts
Sometimes starting over is the best way to dig out of debt.
If medical bills, business loans, unsecured debt, or credit card balances are more than you can handle, filing a simple Chapter 7 bankruptcy may be the best way to get back on your financial feet and provide a fresh start. A Chapter 7 filing will not discharge child support, student loans, taxes, or certain types of court-awarded damages, but it will clear unsecured debt like credit card balances and unpaid medical bills.
What Happens When You Face Foreclosure?
If you are a homeowner facing foreclosure, a Chapter 13 filing is likely the better bankruptcy option for you. Chapter 13 essentially buys you time. It halts collections efforts and allows you to keep certain assets like your house, car, and boat while paying debts over a 3-5 year time period.
Finding the Right White Plains Settlements Attorney For You
Chapter 13 is for people with a steady source of income, while Chapter 7 is generally better for people who have lost their income or have few assets. We can further explain your bankruptcy choices and other options for addressing your debts if you call 800-523-4762 or complete the response form on this website.