Bankruptcy can feel like a daunting word, carrying a heavy stigma. However, it’s important to recognize that financial struggles can happen to anyone, often due to circumstances beyond one’s control. Davis, Ermis & Roberts, P.C. understands the complexities and emotions involved in this process. Our goal is to guide you towards a more secure financial future. If you’re considering bankruptcy, we’re here to help. Here’s what you can expect when you reach out to us:
In-Depth Consultation
We don’t take on clients with the idea that they did something to get themselves into the situation. We could all make better financial decisions, but we are the sum of our decisions and our circumstances. Sometimes a decision that appears wrong was the only choice available at the moment.
You are not a victim; you are someone doing the best you can within your given situation. You don’t have to forfeit your dignity and self-respect when you ask us for help. Our goal is not to judge but to help you find a way through to the other side of financial despair. It’s possible, and it isn’t as painful as you think.
You may or may not be ready to file for bankruptcy. Sometimes there is a way through without having to take that step. If you are hoping to avoid it, we can work with you to consider which options are available and make the most sense. Through our in-depth consultation, we can help you determine the best path and, if bankruptcy is it, we can provide clear guidance for the best route to go:
Chapter 7 Bankruptcy
Chapter 7 is available to most individuals, married couples, and corporations. In most cases, the debtor will receive a discharge on any personal liabilities for “dischargeable” debts. Some debts, such as taxes and student loans, are not dischargeable.
Chapter 11 Bankruptcy
Chapter 11, or “Reorganization” bankruptcy, restructures a business (corporation, sole proprietorship, partnership, etc.) and requires a Debtor-in-Possession account to be used by the entity during the process. This option is typically not ideal for small businesses.
Chapter 13 Bankruptcy
Chapter 13 is a “reorganization” plan for individuals, families, and small business owners. If you have a regular income, Chapter 13 enables you to repay all or part of your debt in installments over 36 to 60 months. This plan can help you retain your important assets.
We’re here to answer any questions you might have about the different terminology and what each means for your specific situation.
Understanding Credit Repercussions
It’s impossible to avoid credit repercussions when you file for bankruptcy. That’s why we discuss all of your options in detail before moving forward. Bankruptcy won’t damage your credit viability forever, and you can begin rebuilding your reputation with creditors almost immediately after discharge or entering into a structured repayment settlement.
While it takes time, we can help you explore different credit-building options available so you can begin reestablishing yourself. This usually involves a selection of secured credit cards that are low-limit or require pre-payment before use. We won’t make any decisions for you, but we can educate you on all the possibilities so you can choose the best one for your situation.
Maintaining Quality of Life
There is nothing quite as disheartening as the oppressive weight of debt. The specter of bankruptcy makes it worse, especially if you’re unsure where to begin or who to trust. We keep this in mind as we help you cope with the pressures.
Our main objective is to help you reestablish or maintain your quality of life so you can get back to pursuing your financial and personal goals. This is difficult to do if you’re trying to file on your own or using counsel that looks down on you for taking this step.
By working with us, you’ll see the light at the end of the tunnel. You’ll know which assets you can expect to discharge and which ones you’ll be able to hold onto. You’ll also see how it’s possible to live, work, and play again without losing hope.
Are You Ready to Regain Control of Your Life?
We understand the burden of financial distress and the courage it takes to seek help. If you’re tired of creditor harassment, feeling overwhelmed by debt, and ready to take charge of your financial future, it’s time to act. Contact Davis, Ermis & Roberts, P.C. today. Our expert team offers judgment-free, solution-focused bankruptcy counsel designed to provide you with a fresh start. Reclaim your financial stability and peace of mind by reaching out for a confidential consultation. Your new beginning starts now.