Erie Bankruptcy Attorney
Helping You Find Debt Relief in Erie
Are you struggling with debt? If so, you are not alone. Many people in Erie and throughout the United States are facing financial hardship. At Goff & Goff, LLC, we understand that debt can be overwhelming and that it can be difficult to know where to turn for help. Our Erie bankruptcy lawyers are here to guide you through the process of filing for bankruptcy and help you find the debt relief you need.
What Is Bankruptcy?
Bankruptcy is a legal process that allows individuals and businesses to eliminate or restructure their debts. It is designed to help people who are struggling with debt find relief and get a fresh start. Bankruptcy is a complex process, and it is important to have an experienced attorney on your side to help you navigate it.
Types of Bankruptcy
There are several different types of bankruptcy, but the two most common types are Chapter 7 and Chapter 13. The type of bankruptcy that is right for you will depend on your unique situation and your goals.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is often referred to as “liquidation” bankruptcy. This is because, in a Chapter 7 bankruptcy, the bankruptcy trustee may liquidate (sell) certain non-exempt assets in order to repay your creditors. However, many people who file for Chapter 7 bankruptcy are able to keep all of their assets.
Chapter 7 bankruptcy is a relatively quick process, typically taking just a few months to complete. At the end of the process, most of your unsecured debts will be discharged. This means that you will no longer be legally obligated to repay them.
Chapter 7 bankruptcy can be used to discharge the following types of debts:
- Credit card debt
- Medical debt
- Personal loans
- Utility bills
- Some tax debts
- And more
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is often referred to as “reorganization” bankruptcy. This is because, in a Chapter 13 bankruptcy, you will create a repayment plan to repay your debts over a period of three to five years. At the end of the repayment period, any remaining unsecured debts will be discharged.
Chapter 13 bankruptcy is a good option for people who have a regular income and want to keep their assets. It can be used to catch up on missed mortgage or car payments and stop foreclosure or repossession. It can also be used to repay certain debts that cannot be discharged in a Chapter 7 bankruptcy, such as tax debts and child support.
How Our Erie Bankruptcy Lawyers Can Help
At Goff & Goff, LLC, we understand that filing for bankruptcy is a big decision. Our Erie bankruptcy attorneys are here to help you understand your options and make the best decision for your unique situation. We will take the time to get to know you and your goals and help you create a plan to achieve them.
When you choose us, you can expect the following:
- Compassionate guidance: We understand that filing for bankruptcy can be stressful. Our attorneys are here to guide you through the process and help you find the debt relief you need.
- Personalized solutions: We know that every situation is unique. Our attorneys will take the time to understand your goals and help you create a plan to achieve them.
- Responsive service: We are here to answer your questions and address your concerns. Our attorneys will be available to you throughout the process and will keep you informed about any updates in your case.
Get Started Today
If you are struggling with debt, you have options. Our Erie bankruptcy lawyers can help you understand your options and guide you through the process of filing for bankruptcy. We will help you find the debt relief you need and get a fresh start.