New Orleans Bankruptcy Attorney

Baton Rouge Chapter 7, 11, 13 Lawyer

You probably have many questions related to filing for bankruptcy. You want to know about the process, about the benefits, and about the repercussions of taking this step.

At Grand Law Firm, we have answers. We remove the stigma associated with filing for bankruptcy so you can simply examine this approach to debt relief for what it is and make appropriate decisions for the future. Contact our Baton Rouge or New Orleans office today to schedule a free initial consultation. Call 1-888-860-3543.

Do the new laws make it hard for me to file for bankruptcy?

The 2005 changes to the Bankruptcy Code have increased the responsibilities of debtors and added a new level of complexity to the process. Contrary to popular belief, these changes do not prohibit most people from filing for bankruptcy protection. Our firm can not only help you determine if you qualify, but advise you on how to approach filing.

What is the difference between Chapter 7, Chapter 13 and Chapter 11 bankruptcy protection?

Chapter 7, which is sometimes called “straight bankruptcy,” is a liquidation of most, if not all, unsecured debt. While it is true that the 2005 amendments to the Bankruptcy Code have made it more difficult to file for Chapter 7, a surprising number of individuals still qualify for this approach to debt relief.

Chapter 13 is a reorganization of debt. Once a debtor qualifies for protection under Chapter 13, they must submit to the bankruptcy court a plan for payment of debts (usually within a period of three to five years).

Chapter 11 is also a reorganization of debt, but is generally associated with businesses. In some cases, individuals may file for Chapter 11 protection, but it is best to seek the advice of an attorney to determine if this is right for you.

What can filing for bankruptcy do for me?

Filing for bankruptcy has numerous benefits including:

• Providing immediate debt relief
• Stopping repossession of your vehicle
• Stopping garnishment of your wages
• Stopping foreclosure on your home
• Stopping harassing phone calls

Will filing for bankruptcy have an adverse effect upon my credit?

While it is true that bankruptcy does affect one’s credit record, if you are considering filing, your credit has probably already been damaged by delinquent bills, foreclosures, garnishments, repossessions and collection amounts. Filing for bankruptcy works by discharging a significant amount of your debt — a foundation from which to rebuild good credit.

For answers to more of your questions, please contact Grand Law Firm. Call us toll free at 1-888-860-3543 for a free initial consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.