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 BANKRUPTCYFiling a bankruptcy may accomplish the following: Chapter 7 - Most all debts are eliminated. You get a fresh start. Chapter 13 - Save your home from foreclosure, pay your traffic tickets over time and get your driver's license back, save your business, and eliminate the same debts as you would in Chapter 7. Chapter 11 - Reorganize your business debts and move forward. A common myth about bankruptcy is that you will lose your car and all of your possessions when you file, but that is not true. You are allowed to keep most of your real and person property within certain dollar amount limits considering the current fair market value of your property. To download a list of the exemptions, click HERE. WARNING: DO NOT withdraw funds from your pension fund or IRAs to pay your debts! In nearly all cases, qualified retirement funds (pension funds and IRAs) are yours to keep after your bankruptcy is completed. In fact, most of your assets are exempt from the bankruptcy process. Don't hestitate to call for your free consultation to learn how to maximize what you can keep after your bankruptcy. CALL TOLL FREE (866) 761-8970 or in Pierce County CALL (253) 761-8970. Click HERE to read The U.S. Court's description of each bankruptcy chapter. Click HERE to watch excellent videos that explain the bankruptcy process. (Prepared by the U.S. Courts.) The above links take you to the United States Courts Website in a new window. To return to jolleylaw.com, just clicking on the Internet Explorer window where jolleylaw.com is open.
Click Below to Download Your Bankruptcy Questionnaire.
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| ©2010, Dallas W. Jolley, Attorney & Counselor at Law. Send questions or comments to info@jolleylaw.com. | |||||
