Credit card debt and student loan debt, not to mention mortgages and car payments—it's no wonder many Americans find themselves in debt distress. There are options to help you get control of your finances, and Mombrun Law, PLLC is familiar with these options. We can examine what you owe and to whom and make a recommendation of what would be the best path forward for your situation.
Chapter 7 Bankruptcy
This is the most common type of bankruptcy. It is often the best option if the main problem is credit card or medical debts. Chapter 7 bankruptcy offers debtors a financial fresh start because you don't have to pay back your old debts.
Chapter 13 Bankruptcy
In a Chapter 13, you're required to pay back part, or all, of your debts over the next 3 to 5 years. Most people file a Chapter 13 when they're behind on their house payments.
$0-Down Chapter 7 Bankruptcy