Are debt collectors breathing down your neck? Are your paychecks being garnished? Do you have endless calls interrupting your life?
If so, bankruptcy may give you the relief you need to get your life back in order.
Bankruptcy is an important decision that has long term ramifications. Deane & Panagopoulos Law PLLC is here to help you navigate through the process.
We begin with a financial analysis that reviews your debts, income, and expenses. This allows our attorneys to explain if bankruptcy is an option and what effect it will have on your family, business, home ownership, and credit. Next, we provide detailed information about the options and a complete picture of the outcome you should expect.
Different types of bankruptcy:
Chapter 7 bankruptcy – Designed for individuals and their spouses. It grants relief from debts through liquidation of your assets. This is the most popular option.
Chapter 13 bankruptcy – An option for families facing foreclosure or whose incomes are higher, this option permits you to pay off debts under a court-ordered installment plan extending three to five years.