Is bankruptcy the right choice for you?
Lee Grochmal has consulted with hundreds of people about their debt problems. She has helped many of those people file for bankruptcy. Most of Lee’s clients report a great sense of relief after the initial consultation, just from knowing their options. Lee can evaluate your financial situation and offer you advice to help you and your family. If you would like to learn more about your options for debt relief, contact us to set up a free consultation with Lee. You need not bring any financial documentation to your first appointment. We can meet in person or by telephone.
If you decide to file bankruptcy, we will oversee the entire process. We will tell you what information we need from you and we will prepare and file the bankruptcy petition for you. We will coordinate the necessary credit counseling and communicate with the bankruptcy trustee and creditors on your behalf. We will appear with you at the meeting of creditors and make sure that the court has all the information it needs so that you get the relief you deserve.
Bankruptcy stops wage and bank garnishments, foreclosure, phone calls, law suits.
As soon as a bankruptcy is filed, the “automatic stay” goes into effect. The stay protects you from your creditors. If there is a wage garnishment in effect, it must stop. Moreover, if your employer has not yet disbursed the garnished money to the creditor, we may be able to get some or all of that money returned to you.
Likewise, the stay prevents any additional garnishments of your bank account, and makes the phone calls from debt collectors stop. If you are being sued by a creditor, that law suit must stop when bankruptcy is filed. If you are facing a foreclosure of your home, that foreclosure must stop when the bankruptcy is filed.
Chapter 7 or Chapter 13 bankruptcy – Which is right for you?
The choice between Chapter 7 and Chapter 13 bankruptcy can usually be made after our initial consultation. Chapter 7 bankruptcy is the simplest and fastest way to file bankruptcy. We will help you protect your assets, including your home, in a Chapter 7 bankruptcy.
Chapter 13 bankruptcy is a repayment plan, where you will pay back some, but probably not all, of your debts. It is often used by those whose incomes are too high to qualify for a Chapter 7 bankruptcy, or those who wish to catch up on their mortgage payments. It can also be used to structure tax debts, or to obtain a driver’s license that has been suspended because of a debt. It can even be used in some cases if you have previously filed a Chapter 7 bankruptcy and do not qualify to file Chapter 7 again.
In both Chapter 7 and Chapter 13 cases, most debt is dischargeable, but there are some important exceptions that we can advise you about, such as student loans and taxes. In some cases, both student loans and taxes can be discharged. To learn more about your specific case, contact us to arrange a free consultation in person or by phone.
We get results for our bankruptcy clients.
There have been many success stories in Lee’s bankruptcy practice. Many clients are facing debt problems because of an unexpected medical crisis. Others run into trouble during a divorce, when living expenses double but income remains the same. Others have been facing job loss and unemployment, and/or decreasing home values. We help all sorts of people to resolve financial trouble.
Lee recently represented a young widow who could not make her mortgage payments after the death of her husband. We filed a Chapter 13 bankruptcy for her to stop the bank from foreclosing while we tried to come up with a solution. Unfortunately, the client also was diagnosed with cancer after her case was filed. Through the bankruptcy, we were able to hold the foreclosure off long enough to meet the client’s final wishes that she die in her own home.
Lee also represented a young woman with crippling student loan debt. Despite her best efforts in the seven years since finishing graduate school, she was not able to establish herself in her career. Lee was able to convince the bankruptcy judge that most of her client’s student loan debt should be discharged based on undue hardship.
We understand the stress on families facing unmanageable debt. Information can help to alleviate that stress immediately. If you have questions about your options, contact us to set up a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.