Many individuals and families struggling with debt problems simply do not know their full range of legal options. For example, some believe that bankruptcy is a path to debt relief open only to those who are essentially destitute. In reality, filing Chapter 13 bankruptcy is often the best way for people with reliable income to stop home foreclosure, eliminate some debts and gain time to pay others.
At Kratovil Law Offices, PLLC in Charles Town, West Virginia, you can sit down and openly discuss your financial concerns with an attorney who has been helping people make sound, informed decisions about bankruptcy for more than 35 years. Mr. Kratovil will treat you with respect, share his in-depth knowledge of bankruptcy law and strive to help you get the relief you need to move forward in life.
Facing mortgage foreclosure? Do you need protection from creditors and a manageable long-term plan?
If you have too much credit card debt or medical debt and very limited assets to protect, a Chapter 7 bankruptcy filing may be the answer. Chapter 13 bankruptcy, on the other hand, involves a different approach and extremely careful analysis and planning. Essentially:
Chapter 13 requires the formation of a plan, subject to approval by a bankruptcy trustee, to reorganize debts for payment over a three- to five-year period. Portions of some unsecured debts may be dischargeable.
People who have too much income to qualify for Chapter 7 bankruptcy can sometimes save their homes and recover financial stability by filing Chapter 13 bankruptcy.
If you are feeling overwhelmed by your debts, the last thing you need is more pressure. What you do need is information about your legal rights and options. Too often, people wait too long to get counsel and lose assets they could have kept — such as their homes and retirement savings. Others fall prey to “debt consolidation” companies and payday lenders only to wind up in far worse shape than before.
Based in Jefferson County, Chapter 13 our bankruptcy lawyers at Kratovil Law Offices, PLLC often work with people in Berkeley County, elsewhere on the Eastern Panhandle and in neighboring Maryland communities. For bankruptcy information and guidance with integrity, please request a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.