Here at the Women's Legal Services Center, we handle two different types of bankruptcies, Chapter 7 and Chapter 13. Both of which, are very complicated. It is important to have qualified representation when going through a bankruptcy.
There are several advantages to having an attorney. First off, they will help you determine in filing for bankruptcy is the right course of action. If it is, one of the big advantages of having a qualified attorney represents you, is that they will be with you in court when questioned by the trustees about the bankruptcy.
The first type of bankruptcy is Chapter 7. Ch. 7 bankruptcy protection allows debtors to get rid of most of their debts and start over with a clean slate. Chapter 7 is also called straight bankruptcy or liquidation bankruptcy. It is the type most people think about when the word "bankruptcy" comes to mind. In a nutshell, the court appoints a trustee to oversee your case.
The second type of bankruptcy is Chapter 13. Unlike a Chapter 7 bankruptcy, which allows the debtor to discharge some debts in exchange for the sale of nonexempt property to pay creditors, Chapter 13 allows the debtor to keep their property and repay creditors in a three or five year court-approved repayment plan. Only individuals and those filing jointly as husband and wife can file for Chapter 13 bankruptcy.
If you need experienced legal representation, contact the Women's Legal Services Center today to schedule an appointment with an attorney to discuss your options.