Bankruptcy was established by congress in 1867. This was a decree eventually started thousands of years ago by God. There was a dominant feast given every seven years and all debts were forgiven at the SHEMITAH feast. The commonality then would get into deep debt and would be thrown into a debtor prison by the peremptory wealthy protagonist.
There they would remain until the debt was paid or forgiven. The family could work to pay the debt or turned into slavery. God embarked this system to give the people much needed relief, as it was mentioned this was antiquity event that was implanted for years to follow.
What is Bankruptcy
Congress just reinstated this ancient law in 1867, citizens that have never faced this financial problem have placed a terrific stigma upon those who have experience this situation. This is a false conception that was fostered into our society. This inception should not be a protagonist into our circle of coterie thinking.
Freedom Debt Relief
In today's society most families have two working members to accommodate the high cost of living. The price of groceries, rent, utilities, gasoline and other essential necessaries have to work to necessitate this. If just one in the family looses their income financial complications can arise. Is something happens to the breadwinner thru no fault their own then indebtedness can accumulate. A sudden death in the family can create enormous finances to mount up. A divorce can create untold consequences. Many today are facing serious catastrophe medical issues. Any of these consequences can create a calamity. You do not need to have a guilty conscience because you are forced into absolving your unfortunate debt load.
Eliminate Credit Card Debt
By declaring bankruptcy you can eliminate debts excluding taxes. You can keep your home and automobile. By doing this you can get a new lease on life and have a fresh start. If you are in a continual financial crises it can and will impair your health, destroy your family happiness and your wellbeing. These issues are no fault of your own and you do not have to feel guilty or have it bother your conscience. Congress re-established this act to give you a fresh start in 1867.
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.
A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
Can I file Bankruptcy without a Lawyer?
It is not necessary for you to be an attorney to file for bankruptcy procedure. People are led to believe that it must be handled by a legal firm. This is why they get such an absorbent fee to handle it. The attorneys want you to believe that if they do not process the paper work it can be abrogated or rejected by the court. They plant queries doubts in your mind to convince you that they are the only qualified ones to handle this. Does this make sense to you?
The most important and foremost issue is under standing the full contents of the many pages that you must complete. If this is not done properly the court clerk can reject or disallow the filing. Our professional staff has filed bankruptcy proceedings in several states and never had a rejection.
Bankruptcy Court Laws
Although this is a Federal Act every State has its own financial regulatory standers and they must be closely followed. You do not have to be apprehensive about going to the court alone. We will go with you if you request it. We give consult with you before you file and afterwards also. Let us clear something before we go any further. Several years ago congress altered a law regarding filing for bankruptcy. They said, it was much harder to file because of new financial standards. This was to confuse you and prevent you from filing. We can circumvent this. It was only added to discourage you from filing.
We assure you we can make this an easy undertaking. This is not the end of your financial world.
We know about debt collection laws
We can stop harassing phone calls and collection letters from debt collectors.
Can I Get New Credit Cards after Bankruptcy?
We can even help you get a new visa or master credit card immediately. You will then be on your road to recovery. We pledge to you that we will make this as easy as possible.
Southwest Personal Consultants is a professional well establish professional organization and have helped many people over the years. Call us today for a free consultation and discuss your financial issues. You owe it to you and your family.
BANKRUPTCY $800. filing plus $200. for court appearances
Competition charges: $2500 to $3500