Kent & Wittner PS

Information may not be reliable

Former Bankruptcy Trustee
WE CAN HELP YOU SOLVE YOUR DEBT PROBLEMS. WE ARE A DEBT RELIEF AGENCY. WE PROUDLY AND PROFESSIONALLY HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.

It's not easy to cope with financial problems – feelings of anger, despair, guilt or frustration. These negative feelings are often intensified by a feeling of isolation – but you are not alone! Record numbers of personal bankruptcies have been filed in recent years helping individuals and families handle their debt problems in a legal and dignified manner.

Bankruptcy will discharge, or wipe out, almost all unsecured debts or financial obligations. You will have a FRESH START in life unburdened by past debts. From the moment you file your case with the court, all of your creditors are prohibited from starting or continuing any court actions or collections efforts of any kind against you. They can't contact you or try to collect from you by telephone, letters, personal contact, garnishment, seizure or threats of seizure of property.

When individuals consider bankruptcy, there are basically two directions in which they can go. One is a Chapter 7, what is traditionally known as straight bankruptcy. The purpose of Chapter 7 is to discharge as much debt as possible in order to obtain a fresh start. Most credit card debts, medical bills, collections and general unsecured debts are discharged in bankruptcy. Types of debt that will not go away in a Chapter 7 bankruptcy are recent taxes, spousal maintenance and child support, willful injury to persons or property, criminal restitution or court fines, student loans and debts that have been incurred by fraud. A Chapter 13 case may be filed to deal with these types of debts.

When you have collateralized or secured debt in a Chapter 7 case, such as a house payment or a car payment, you can choose to continue paying the debt to keep the collateral or surrender the collateral and pay no more. Also, you will keep all of your unencumbered property that is exempt under the bankruptcy code. In most cases, you keep all of your property and wipe out your debts in a Chapter 7 Bankruptcy.

Chapter 13 reorganization proceedings under the Bankruptcy Code give you relief from creditor pressure while at the same time providing a fair method to repay all or a percentage of debts over a three to five year period of time. You make a monthly payment to the Chapter 13 Trustee and the payment amount is based on your ability to pay. Chapter 13 is very useful to stop repossession of vehicles or foreclosure of homes and stops all interest on credit card debts and other unsecured obligations. Chapter 13 allows individuals to pay their debts at a rate they can afford. Many debts are discharged when the plan is completed.