Louisiana Chapter 7 Consumer Bankruptcy Attorney
When financial circumstances get to be overwhelming, it can be difficult to see the light at the end of the tunnel. Increasing amounts of debt, such as credit card bills, mortgage payments and medical expenses, can have you worried about your financial future and can make it tough to pay bills and have money left over for living expenses. Chapter 7 bankruptcy is designed to help individuals who are struggling with the burden of debt find a fresh financial start.
At the law firm of Galloway Jefcoat, L.L.P., located in Lafayette, Louisiana, we have helped hundreds of clients reduce and eliminate debt through Chapter 7 bankruptcy. Chapter 7 bankruptcy can help you manage your debt and your finances and will allow you to build towards a healthy financial future. Filing for bankruptcy can also help you prevent foreclosure and repossession and will stop the many of the activities of creditors, including harassment from collection agencies and wage garnishments.
Call 888-537-1490 for more information about Chapter 7 bankruptcy
Chapter 7 bankruptcy is also known as a liquidation bankruptcy because it offers individuals and businesses a relatively painless way to discharge unsecured debt. In order to qualify for Chapter 7 bankruptcy, you must complete a "means test" that will determine your eligibility based upon your income compared to median income in Louisiana. If you do not qualify for Chapter 7 bankruptcy, you may still file for Chapter 13 bankruptcy in order to find debt relief.
In most cases, a person who files for Chapter 7 bankruptcy is able to retain ownership of a home, car and other assets, while discharging unsecured debts. You may also reaffirm certain debts under Chapter 7 bankruptcy that will allow you to remain current on house and car payments.
Many people who consider bankruptcy are worried about the effect that bankruptcy will have on their credit reports. While a bankruptcy will remain on your credit report for a period of up to 7 years, it will typically be less harmful to your credit rating than late payments and loan defaults that could result from large amounts of unsecured debt. You can also begin rebuilding your credit soon after your debt is discharged and may be able to secure loans and other lines of credit within a year.
Find the debt relief that you need
Discuss your situation and your rights in bankruptcy with an experienced lawyer at Galloway Jefcoat, L.L.P. We provide responsible bankruptcy and debt relief for individuals, families and businesses in Louisiana, and we are committed to help you find the answers that you need. Contact us to speak with an attorney at a free initial consultation. Call our office in Lafayette, Louisiana, at 337-205-7085 or toll free at 888-537-1490. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
