Bankruptcy and Debt Relief
Take the first step in this decision by contacting us. We provide you with information regarding which documents and bills to bring to the first appointment. We will carefully review your types of debt, amount of debt, and your income. We believe it is important to understand what you are trying to accomplish. We advise on Chapter 7 or Chapter 13 bankruptcy selection based upon these and other factors.
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| We know times are tough, you are not sure what to do, but you know one thing, you need to do something. Whether you are experiencing trouble paying your mortgage, car loan or credit card debts, the bankruptcy laws exist to assist you in obtaining a fresh start or crafting a plan to stabilize your economic situation. The Doty Law Firm understands that declaring bankruptcy is an extremely difficult and emotional decision. The possibility of losing everything you've worked hard to attain is stressful and difficult to understand. No one going through a bankruptcy should be made to feel ashamed about his or her situation. The reasons for filing are many--and not necessarily anyone's fault--including job loss, divorce, illness or death of a spouse or breadwinner, debts created by a co-debtor, or excessive credit card charges built up from years of earning less than that person's living expenses. The Doty Law Firm is devoted to assisting its clients gain financial freedom and well-being. We strive to give relief to our clients who face financial difficulties in this challenging economic environment. We also pride ourselves on the personal attention we devote to each client's concerns. The Doty Law Firm is a federally designated DEBT RELIEF AGENCY as defined in the 2005 amendments to the US Bankruptcy Code. We help people file for Bankruptcy under the Bankruptcy Code. The Doty Law Firm provides services related to debt matters such as:
- Chapter 7
- Chapter 13
- Foreclosures
- Tax Debts
- Credit Card Debt
- Garnishment
Chapter 7 Bankruptcy
Allows the consumer over a three or four month period of time to wipe out most debts by having the United States Bankruptcy Court issue a Discharge of Debt. This option should be chosen by the consumer who is overwhelmed by debt and wishes to obtain a fresh start. A consumer filing for Chapter 7 Bankruptcy can keep his/her property that is exempted by federal or state law. We will advise you on what property you can protect from liquidation or sale.
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What Is Dischargeable Debt?
Are you overloaded with credit card debt? Have medical bills or student loans caused you to lose too many nights of sleep? Are you falling behind on car and house payments? If you are considering bankruptcy, one of the first things you need to know is what debt you can discharge. Will you be able to get rid of all of your debt? Will some of it still remain?
Unsecured or Secured Debt?
Most debt falls into two categories: unsecured debt and secured debt. Bankruptcy attacks these debts in different ways, depending on whether you file Chapter 13 or Chapter 7. For the most part, unsecured debt is the most susceptible to debt discharge. However, you can also attack secured debt through bankruptcy. We will examine your mix of debts and provide you with guidance on what chapter of bankruptcy you should file and what debts you will be able to eliminate.
We will address all types of debt, including:
Credit Cart Debt
Medical Debt
Student Loans
What About Debt That Is Not Discharged?
It is possible that you will not be able to discharge all of your debt through bankruptcy. For example, if you want to keep your car, you will have to keep your debt associated with that car. However, most people find that, by having most other debt eliminated, remaining debt becomes much easier to manage
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Call Us At (256) 519-9970
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