You have struggled in your life to do the right thing, working hard to pay what you owe and meet the financial and medical needs of your family. But now creditors are threatening to sue you, garnish your wages, or seize your property. Debts are ruining your life. Bill collector calls and threats of repossession or foreclosure keep you awake at night. There is a way out. At Wayne Young Law, we feel the best way to manage those challenges is to take control. Bankruptcy stops all collection efforts and returns that control to you. There are two kinds of bankruptcy for consumers. Chapter 7 and Chapter 13.

Chapter 7

Chapter 7 bankruptcy quickly frees you from debt and is primarily used to get rid of unsecured debt, like medical bills or credit cards. You may keep your car or home if you choose to do so, if you are current on the payments when you file. We use bankruptcy to stop garnishments, repossessions, and lawsuits, and additionally allow you to get rid of cars or houses that you no longer wish to pay for. Contact the Wayne Young Law Firm and meet for free with an experienced bankruptcy lawyers to find out the options that best suit your needs. The phone call and the first appointment are free.

Chapter 13

Chapter 13 also stops garnishments, lawsuits, foreclosures, and repossessions, but we frequently use Chapter 13 as an opportunity to save our clients’ homes from foreclosure and cars from repossession. In many of these cases, all debt payments, even car payments, are included in a plan payment, which sometimes less than the original car payment. Only a very small part of the unsecured debt is repaid in a typical Chapter 13 case.