Where To StartStep #1 is to use our free bankruptcy evaluation below to get more information about bankruptcy.
Available OptionsAs with anything, the sooner you act, the more options you will have. Start on our free evaluation below.
Rebuild Your CreditAfter bankruptcy, your bills will be lower, but it's crucial to rebuild your credit ASAP. We'll help you there too!
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Consumer Bankruptcy Options
When filing for bankruptcy, you'll have several different options, including whether to file Chapter 7 or Chapter 13 bankruptcy. But which chapter of bankruptcy you file under is far from the first choice you'll need to make. You'll also have to choose whether bankruptcy is your best option in the first place. Then you'll need to decided whether you want to use a bankruptcy attorney or file bankruptcy on your own.
Feel free to contact us by using the evaluation form on the left of any page. If you have special needs or requests, please mention them in the "tell us about your situation" section of the form.
Once you decide that bankruptcy is your best option and that you would rather not file on your own, you'll need to decide which bankruptcy lawyer to use. Then you'll need to decide which form of credit counseling you want, such as online, in person, or over the phone. Eventually, you'll have the option of choosing between a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, but that should be the least of your worries at this point in time.
Here is a list of on bankruptcy options that should be explored, but keep in mind, not all of these options will work in your situation, so you should still seek professional help to determine your best option.
Debt consolidation loan – This is a loan that is obtained from another lender and used to pay off higher interest or unsecured debt. In some cases, this can add more fees and not paying this type of loan will generally effect your home, because the equity in your home is used as collateral..
Debt Settlement – Debt Settlement is the process of negotiation the debt with your creditors. In most cases, a debt settlement professional will be trying to reduce the amount owed, the interest rate, and the term of paying off the debt. Debt settlement does negatively effect your credit and there is no guarantee it will work, so be very careful when choosing a debt settlement company.
Credit Counseling – The step is now required in every bankruptcy case, so you'll be taking this step whether you like it or not. During credit counseling, your counselor will discuss other non-bankruptcy options, such as the options listed on this page.
"After talking to my family about our situation, we agreed that changing our lifestyle was the best solution. We were spending $1000's each month on unnecessary items." Change Of Lifestyle – One of the best options to avoid bankruptcy is to make a change in your lifestyle. Many people are facing bankruptcy and foreclosure, because their spending exceeds their income every month. By speaking with your spouse and family about the financial problems and getting everyone one the same page, you may find it's easier than you think to stay within a new monthly budget. Part of this “lifestyle change” may also include getting a second job or finding other sources of income, such as a business opportunity for you and your family.
Filing for bankruptcy doesn't have to be scary, just make sure it's your best option before moving forward.
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Learn about everything you need to know about the Bankruptcy Courts here!
