Filing for bankruptcy is not an easy decision. Usually, bankruptcy is your last resort. Pasha Law will provide you with the knowledge and understanding to help you understand if bankruptcy is your best option.

Pasha Law provides for both Chapter 7 and Chapter 13 filings. Every situation is different, but a bankruptcy may be the only way for you to recover from extensive amount of debt. You likely have plenty of questions. “Can I keep my house?” – “Do I qualify for a bankruptcy? – “Does bankruptcy get rid of all my debts, or most?”

In general, filing for bankruptcy STOPS foreclosures, repossessions, creditor harassment, wage garnishments and lawsuits. Bankruptcy is a great tool to help you keep you in your home, your car and your paycheck.

First, you must determine if bankruptcy is your best option. There are alternatives to bankruptcy and do not let any attorney sign you up for a bankruptcy filing without understanding these alternatives. Once you have reviewed your alternatives, you must choose what type or chapter of bankruptcy you should file. For individuals, generally, the common filings are Chapter 7 or Chapter 13.

Chapter 7 Bankruptcy: If you want to eliminate your debt including your credit cards, medical bills, and other loans, Chapter 7 bankruptcy is generally your best option. Chapter 7 has strict qualifications and you need to speak with a licensed attorney to properly determine which chapter is best for you. Learn more about Chapter 7 bankruptcy here.

Chapter 13 Bankruptcy: If you do not qualify for a Chapter 7, are looking for a restructuring of your deb to pay your debts off, or you are facing foreclosure, a Chapter 13 bankruptcy is usually your best option. Learn more about Chapter 13 bankruptcy here.

Contact Pasha Law for a free consultation to help you understand the process in making a very important decision in your life.