If you are in need of debt relief, we offer free initial consultations. Let the attorneys in bankruptcy law and consumer law at GSJones Law Group, P.S. help you make the best decision for you. In addition, to Bankruptcy and consumer law, our team of attorneys stands ready to help you with related issues such as tax and family law.
Will Debt Settlement or Mortgage Modification Work in Your Case?
We may advise you that your situation does not warrant filing bankruptcy. For example, if you are struggling with one or two large debts, a better solution may be a negotiated debt settlement plan with the creditor. If you are struggling with threatened foreclosure, we may be able to work with you in obtaining a mortgage modification instead.
Bankruptcy, more than any other instrument, can provide an end to:
- Creditor harassment
- Wage garnishment
- Bank account levies
Consumer Rights · Debt Relief · Bankruptcy
GSJones Law Group, P.S., can help you fight illegal collection tactics by creditors. We also guide clients through all phases and processes of the types of bankruptcy that are right for them:
Chapter 7: Also known as “debt discharge” bankruptcy, using Chapter 7 may result in the elimination of all your consumer debts, including credit card debts and medical bills. You may choose to reaffirm your mortgage and car loan and keep your house and car. Most people who file Chapter 7 do not lose much or any of their personal property when it falls within the listed Chapter 7 exemptions.
Chapter 13: Also known as “debt reorganization” bankruptcy, Chapter 13 consolidates debt to be repaid in one affordable monthly sum for three to five years. At the end of the repayment period, remaining debt will be discharged and the Chapter 13 bankruptcy will be completed.
Chapter 11: This type of bankruptcy is often used by businesses. However, small businesses may be able to resolve debt through Chapter 7. Talk to a lawyer about your situation.
Chapter 12: Farmers and fishermen heading for bankruptcy may use Chapter 12.
Many people hesitate for fear of ruining their credit records. In fact, your credit is most likely already at risk or soon will be if your debts overwhelm your ability to repay them. Through bankruptcy, thousands of debtors have successfully found a fresh start and re-established credit in a year or less.
Contact GSJones Law Group for debt relief
Make an appointment with Norman Short, partner , today to breathe easier.