- Child SupportThe amount of debt repaid in a chapter 13 depends on an individual’s ability to repay it. While some debts, such as taxes and back child support, are required to be paid in full, most unsecured debts like credit cards and medical bills will only receive funds after all of the filer’s other expenses are paid. Secured debts, like car loans may be modified, but a filer must still pay some portion of the debt if he or she wants to keep the collateral.
- Limited Liability CompaniesChapter 7 is a liquidation bankruptcy, which generally allows individuals to protect certain assets and quickly discharge their debt. Although chapter 7 is not generally useful for reorganizing incorporated businesses, such as limited liability companies and corporations, it can be useful for individuals running a business as a sole proprietor.
- BankruptcyI want to take this opportunity to thank you and your staff for an exemplary performance on the handling of our chapter 7 Bankruptcy. My wife and I were, to say, a little terrified of the proposed experience to transcend upon us and did not take lightly the thought of filing bankruptcy and after our consultation with you and your recommendation, we could find relief from the strain of owing money we could not afford to repay. The compassion you showed to us during the process was absolutely the most professional that I have seen in my 35 years of business. You were always there by phone or in person to answer all of our questions.
- ForeclosureThe economic downturn had made long-term financial impacts on average Americans. Many people in Longview lost their jobs, and as a result some lost their homes to foreclosure and piled up more credit card debt. Unfortunately, sometimes people with overwhelming debt fall victim to scams. The best way to resolve financial problems is to seek the help of a qualified bankruptcy attorney Longview. Fortunately, attorney Richard Ross can help you get a fresh financial start.