Monroe County Bankruptcy Attorney
Offering Free & Confidential Consultations
If you find yourself struggling with a great amount of debt, bankruptcy may be the best legal option for gaining some financial relief. Going through the bankruptcy process, however, can be a complex and overwhelming procedure to navigate on your own.
At Ryan Legal Services, Inc., our experienced Monroe County bankruptcy attorney is available to assist you in getting your life back on track. With compassion and experience, we can provide you with the guidance and support you need to navigate this challenging time and emerge with a brighter financial future.
Interested in learning more? Call today at (251) 241-5234 or send us a message online to learn more about what our bankruptcy attorney in Monroe County can do for you.
Bankruptcy Matters We Can Help With
Bankruptcy is a legal process that can help individuals and businesses facing significant debt. While it can seem intimidating, this process is intended to provide a fresh start. Governed by federal law, bankruptcy offers a range of debt relief options.
Bankruptcy matters we handle include:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Chapter 11 bankruptcy (for businesses)
- Credit report errors
- Fair credit reporting
- Debt negotiations
- Foreclosure defense
If you're grappling with substantial debt, Ryan Legal Services, Inc., can help. Our firm is well experienced in bankruptcy matters and can guide you through the process. Let us help you take the first step towards a secure financial future.
What Causes Most Bankruptcies?
Filing for bankruptcy is not an easy decision to make, but it's important to remember that you're not alone in this process. Many Americans find themselves in a difficult financial situation that can lead to them seeking bankruptcy. In fact, in the past years hundreds of thousands have filed for bankruptcy.
Common causes of bankruptcy include:
- Loss of employment
- Medical expenses
- Unaffordable mortgage
- Providing others with financial assistance
Our Monroe County bankruptcy lawyer understands the challenges that come with this experience and can provide you with reliable legal advice and guidance. It's crucial to have someone you can trust during this difficult time, and our lawyer is available to help you navigate this complicated process.
What’s the Difference Between Chapter 7 & 13 Bankruptcy?
Chapter 7 and Chapter 13 are the two most common types of bankruptcy for individuals and families. While they have distinct purposes and eligibility requirements, they both play significant roles in financial situations.
Chapter 7 bankruptcy is also referred to as "liquidation bankruptcy.” This form allows for the discharge of specific debts without repayment and can eliminate unsecured debts like credit card debt or medical bills. However, to qualify for Chapter 7, individuals must undergo a means test. This test evaluates income, expenses, and family size to determine eligibility based on disposable income.
Chapter 13 bankruptcy is a restructuring or repayment plan. It enables the creation of a customized plan to repay debts, either in full or in part, over a period of three to five years. This type of bankruptcy is beneficial for individuals with a stable income, as they can make regular payments to creditors. Unlike Chapter 7, Chapter 13 does not require a means test, but it does have its own limitations.
It is crucial to consult with a knowledgeable bankruptcy attorney to determine which type of bankruptcy aligns best with your situation. Our team is dedicated to actively listening to your circumstances and guiding you toward the most suitable path.
Why Hire Ryan Legal Services, Inc.?
Filing for bankruptcy can be an overwhelming process, especially if you try to navigate it alone. However, our experienced bankruptcy attorney understands the ins and outs of the process and can help guide you through it.
Clients hire us for the following:
- Over 25 years of experience
- 24/7 availability
- Free consultations
- Direct communication with our attorney
- Personalized service
- And much more
With our help, you can gain a better understanding of your rights and feel more confident in the decisions you make, which can have a significant impact on your future financial health. Don't let the complex nature of bankruptcy hold you back. Let us help you find a way forward.
Contact our firm today and call (251) 241-5234 or fill out our form online to request your free consultation.