BANKRUPTCY
Filing for bankruptcy is a terrifying concept for a lot of people. No one wants to face the idea that filing for bankruptcy might be the best option for their financial situation. However, if the bills have begun to pile up and you know that you can’t pay them, then you probably have started to consider bankruptcy as an option. Credit card bills, medical expenses, or other debts can make your life overwhelming. At JK Nelson Law, we also understand that you love your home, and the idea of losing it is a terrifying thought. In some cases, we might be able to prevent your home from being foreclosed by helping you renegotiate your mortgage terms.
If you are having trouble paying all of your bills or, worse yet, are unable to even make minimum payments, then you need to contact JK Nelson Law. Depending on your personal situation, Bankruptcy can offer a long-term structured repayment plan or even a total discharge of your debts. While no two bankruptcies are the same, we have the experience to ensure your bankruptcy goes smoothly. We can take the time to sit down with you to evaluate your situation, discuss the different options you have, and help you determine whether or not filing for bankruptcy is for you. When helping our clients determine the best choice for their financial situation, we consider two options: Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. Chapter 7 Bankruptcy is primarily based on your personal income level and will potentially wipe away all of your credit card, medical, and other unsecured debts. Chapter 13 Bankruptcy, on the other hand, rearranges your debt to a level in which it is easier for you to manage. This type of Bankruptcy could help allow you to escape those deadly interest rate payments, keep your home, and to begin to rebuild your credit.
We understand that financial struggles cause a large amount of stress in your life, and will work to explain the entire process while taking into consideration your personal situation. Do not waste another minute of stressing out over how to make all of your debt payments. Let us help you ease your financial stress now.