When you have debt that you are unable to repay, it can be overwhelming and cause emotional distress, in addition to affecting almost every other area of your life. If this is what you are dealing with, it may be time to consider filing bankruptcy, which despite how you may be feeling now can be a big step in the right direction. The caring attorneys at Payne, Black & Pickelsimer, LLC, with offices in Rock Hill and Columbia, South Carolina, can discuss the possibility of filing Chapter 7, Chapter 11 or Chapter 13, as well as other debt relief options that exist for individuals and businesses.
Most individuals who are considering bankruptcy file Chapter 7 because of its ability to discharge most debts. To qualify for this form of bankruptcy, you must not be able to afford a Chapter 13 repayment plan and must not have filed bankruptcy in the last six to eight years, depending on the type of bankruptcy you filed. Our experienced attorneys can help you file a petition for bankruptcy and complete all necessary forms regarding your debt situation, current income and expenses, exempt property, and recent expenditures and guide you through the creditors meeting and other procedures. Chapter 7 bankruptcy will halt all collection efforts, including wage garnishment, foreclosure and bank levies. There are some debts that cannot be discharged through this bankruptcy filing, such as:
We provide the knowledge and insight to skillfully walk you through the bankruptcy process.
Filing Chapter 11 bankruptcy allows you to continue operating your business with oversight from the bankruptcy court. Our attorneys can work with you to devise a feasible reorganization plan that restructures your financial obligations, which may involve reducing your expenses and liquidating some assets.
If you are considering Chapter 7, Chapter 11 or Chapter 13 bankruptcy, Payne, Black & Pickelsimer, LLC, with offices in Rock Hill and Columbia, South Carolina, can explain your options. Other debt relief options and services are also available. Schedule a confidential consultation by calling us at 803-992-8163 or contact us online.