Our Lawyers Assist With Filing Chapter 7 Bankruptcy in Albany
It is the most common type of debt settlement and can be utilized by individuals and businesses alike. It will clear from a credit record after 10 years from the date of filing, but many persons are able to regain a good score much sooner. Not every consumer qualifies for this type of debt canceling. A Chapter 7 attorney in Albany can conduct a “means test” and be your guide in navigating through the requirements. If you don’t qualify for Chapter 7, a Custer, Custer & Clark LLC lawyer can help you apply for Chapter 13 bankruptcy.
How Can This Process Help Me?
Although the process is involved and takes time, the result is a clean financial slate. Unsecured debts are wiped away, including:
- Threats of foreclosure or repossession
- Outstanding credit card balances
- Unsettled IRS obligations
- Wage garnishments
- Past due tax bills
Most liens, such as mortgages and car loans will remain. However the good news is that with the aid of a reorganization plan, you may be able to keep your home, vehicle and other personal possessions. This is possible when a Chapter 7 attorney organizes certain belongings into what are called “exempt categories.” Our lawyers will be there to defend you against creditors in any court hearings along the way. We understand that you may not be able to pay in full for legal services, and thus will work with you to develop a reasonable payment plan.
Leave It to Our Legal Professionals in Columbus
It’s easy to fall on hard times through no fault of your own. Loss of a job, medical bills and tough competition in business are just a few common triggers that bring persons past their financial limit. If you need to file for bankruptcy in Albany or Columbus, call Custer, Custer & Clark LLC at 229-888-1105 to receive a free consultation with a knowledgeable Chapter 7 lawyer.