Bankruptcy has a negative stigma, and many clients feel like they are doing something wrong by filing. But most people who come to The Haas Law Office for help with their financial troubles have found themselves facing problems that are no fault of their own. An unexpected medical emergency or layoff means that bills you could pay without issue before start piling up interest and late fees. A Chapter 7 or Chapter 13 bankruptcy is your opportunity to get out from under that burden and start living your life again, instead of paying creditors many times more in fees and interest than you ever owed in the first place.
Sometimes called “straight bankruptcy”, Chapter 7 cases typically result in a complete liquidation of your debts. In most cases, clients are even able to keep all of their assets.
If you earn a high income or have assets with substantial equity, a Chapter 13 bankruptcy may be your only option. A Chapter 13 is essentially a debt consolidation, but we will be able to work with your income and expenses to determine a repayment plan that will be feasible for you and eliminate your debts in 36 to 60 months.