The Goal Here Is To Make You Financially Sound
Ironically, there is an aspect of bankruptcy law that is shared with estate planning. The former typically involves people who have hit hard times financially and are running out of options to resolve their unmanageable debt. The latter frequently involves people who have considerable assets that they wish to preserve and pass on to future generations.
What do they have in common? The people who need both services often wait too long to enlist legal help to accomplish their objectives. At David A. Himes & Associates, PLLC, we focus our efforts on helping those who are struggling to get out of debt reset their financial lives.
Help Finding The Solution That’s Right For You
An old adage states that if the only tool you’ve got is a hammer, then everything starts to look like a nail. We are not a bankruptcy law firm that operates that way. While filing for bankruptcy often is the best solution for those who are wrestling to stay afloat financially, we don’t automatically start from there.
Attorney David A. Himes provides highly personalized legal counsel that will begin with an in-depth review and analysis of your situation. There are many ways to resolve debt problems, including debt consolidation and restructuring loans. We work to put our clients on the path that makes the most sense for them to rebuild their financial foundation.
Understanding The Difference Between Chapter 7 And Chapter 13
If bankruptcy proves to be the right choice to resolve your debt woes, there is another question to resolve: Should you file for bankruptcy under Chapter 7 or Chapter 13 of the Bankruptcy Code? In Chapter 7 bankruptcy, you are able to discharge most or all of your unsecured debt, which is why it is also called a liquidation bankruptcy.
Chapter 13 bankruptcy, on the other hand, is known as a reorganization bankruptcy because debtors restructure their debt and pay back a percentage or all of what they owe to creditors through a repayment plan. Chapter 13 bankruptcy is for individuals or households that are still earning a regular income and can manage a monthly payment under the plan.
Trusted Legal Counsel In A Client-Friendly Environment
There are benefits to each type of bankruptcy. Our emphasis on communicating clearly and candidly means you will understand all your options and every aspect of the decisions in front of you.
We understand that life events place people in situations in which they never imagined they would find themselves. We deliver experienced legal guidance without judgment. Our mission is to boost, not to berate. We welcome the opportunity to review your situation and recommend a course of action.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.