Debt Liquidation Lawyers – New Orleans & Baton Rouge
When you are drowning in debt you may not believe it’s possible to undo the past. Perhaps somewhere in the back of your head you have thought about bankruptcy, but have quickly put it out of your mind. The stigma attached to such a step would be too much, your credit would be ruined, and you’d look bad to your family and neighbors.
This could not be farther from the truth. At Grand Law Firm, we believe that bankruptcy is a legitimate solution to financial hardship. To find out if you qualify for Chapter 7 bankruptcy protection, contact Grand Law Firm today. Call 1-888-860-3543 for a free initial consultation.
Liquidate Your Debt, in New Orleans
Chapter 7 bankruptcy differs from Chapter 13 in that it is a liquidation of unsecured debt as opposed to a consolidation. We guide our clients through every step of the process which includes:
- Filing the Case
- Financial Management Class
- Providing Documentation to the Trustee
- Creditors Meeting
- Discharge of Debt
During interim periods between these steps of the Chapter 7 bankruptcy process, we keep you informed, answering any questions you may have and helping you prepare for the next step.
2005 Amendments to the Bankruptcy Code
In 2005, significant changes were made to the Bankruptcy Code. These changes, far from making filing impossible, have nevertheless increased the responsibilities of debtors wishing to file. The most significant changes have to do with eligibility for filing for Chapter 7 liquidation bankruptcy. While you must now meet more stringent requirements to obtain debt relief through straight bankruptcy, it is still possible. Our firm has the experience and talent to review your situation and offer personalized advice.
Chapter 7 or Chapter 13 for Baton Rouge
Which type of bankruptcy should I choose? What are the ramifications of filing for Chapter 13 as opposed to filing for Chapter 7? The simplest and perhaps least helpful answer is probably, “It depends.” Yet it is true. Until we at Grand Law Firm know your financial situation, your priorities and your goals, we cannot provide you with the advice you need. Meet with one of our bankruptcy attorneys to explore eligibility and discuss your options.
Bankruptcy Cannot Fix All Your Problems
Unfortunately, not all financial issues can be solved by filing for Chapter 7. If your debt is caused by an underlying income problem (perhaps you are out of work or simply do not earn a sufficient wage), bankruptcy is probably not the best solution. Rather, obtaining a new job or one that pays more than your current position is probably the best step to take. Once you’ve done this, we can discuss the need for or possibility of filing.
The best way to determine if Chapter 7 bankruptcy filing is for you is to contact a bankruptcy attorney today and schedule a free initial consultation. Call 1-888-860-3543.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.