A Knowledgeable And Dedicated Bankruptcy Attorney
The average individual works hard to get their bills paid. However, circumstances can change over time and make it difficult for people to fulfill their obligations.
The stakes are high when your debt starts to accumulate. You may run the risk of losing your car (repossession) or even worse, you may risk losing your home if you don’t take action. Bankruptcy was created as a way to get a fresh start when your debt becomes overwhelming. Attorney John Anlian has helped his clients manage their debt using bankruptcy for more than 40 years. To learn more about how bankruptcy can work for you, contact John H. Anlian, Attorney at Law.
When you file for bankruptcy, it will immediately put a stop to harassing calls. You might be able to keep your possession depending on the type of debt you have, your assets and your income. Despite the significant benefits filing for bankruptcy can bring, the process is complex. This is where attorney Anlian is ready to assist you.
How Can Chapter 7 Help You With Your Debt?
Chapter 7, also known as liquidation bankruptcy, applies to unsecured debts such as medical bills, credit cards or personal loans. This form of bankruptcy allows you to discharge your debt, but you may be required to sell some of the property you own to cover your debt. You will also be required to attend mandatory budget counseling to advance in the process. Chapter 7 usually takes about six months to complete.
When Is Chapter 13 The Right Solution For You?
Chapter 13 bankruptcy is also known as the “wage earner’s plan” and applies mostly to secured debts such as your mortgage and car loan. It involves extensive negotiations with creditors to create a repayment plan and allows you to keep your property under certain conditions. All debts are consolidated in a single monthly payment scheduled for repayment over three to five years.
A trustee appointed by the court manages your bankruptcy and distributes payments to your creditors on your behalf. However, if you fail to cover your monthly installments, you may not be able to renegotiate the terms of your debt and will return to the payment conditions you were subject to before filing for bankruptcy.
Start Working On Your Finances Today
Each type of bankruptcy requires that specific conditions are met. Attorney Anlian can review your financial situation and give you his honest evaluation and advice on the best path forward. Do not risk your opportunity to get your debt situation under control.
Learn about your options in a free and confidential consultation. Call John H. Anlian, Attorney at Law, in Fairview at 201-942-5002 or fill out this secure online form to schedule an appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.