Often the mere thought of filing bankruptcy can be so crippling that individuals and families may delay their decision until it is too late for a bankruptcy to resolve their financial problems. A free initial consultation with the Law Office of Scott B. Lewis will help you to determine if filing bankruptcy is the right option for you and your family.
The Law Office of Scott B. Lewis, is focused on resolving your financial difficulties and helping you get back on the path of fiscal well being. Protecting your property, assets and restoring your peace of mind is our primary goal.
Bankruptcy laws allow debtors to keep certain property when they file bankruptcy giving them a fresh start. However, these laws may vary from state to state. It is important that you establish a relationship with an attorney you can trust who practices and understands the bankruptcy laws in your state.
What is the difference between a Chapter 7 and a Chapter 13 Bankruptcy?
The Issue: Chapter 7 Chapter 13
Eliminate or reduce unsecured (credit card, personal loan) debt
Eliminate or reduce medical bills
Stops all creditor harassment, lawsuit or judgment collection
Reset utility accounts for a fresh manageable start
A home saver plan can be created to cure mortgage arrears
Potential for second mortgages to be eliminated
Potential to lower car payments through a plan
A plan can be created to deal with delinquent tax debt
"At the end of every seven years you shall grant a release of debts. And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother, because it is called
the LORD's release."
(Deuteronomy 15: 1-2)