Lebanon Bankruptcy Lawyer

While facing what may seem like a never-ending stack of debt can be overwhelming, many in Lebanon look to bankruptcy as a legal path for relief. Whether you are someone who has been struggling with credit card debt, medical bills, or any other financial burdens, filing for bankruptcy can help you regain control of your finances and have a fresh start. A Lebanon bankruptcy lawyer can help you avoid making mistakes that can delay your relief.

At Kerney Law Firm, we understand how crippling it can feel when you are burdened with an overwhelming amount of financial debt. To assist, we can help you better understand what bankruptcy options are on the table, ensuring you receive the dedicated guidance you need to make the most informed decisions possible. We will evaluate your eligibility and represent you in court to help you move forward and regain the financial peace you are looking for.

Chapter 7 vs. Chapter 13 Bankruptcy

The two most significant options for consumers looking for relief under bankruptcy law are Chapter 7 and 13. Chapter 7 is often called “fresh start bankruptcy.” This is designed to eliminate most unsecured debts, such as someone’s credit card and medical bills, within only a few months. To be eligible for Chapter 7, an attorney will assess your income, as it will be critical to demonstrate your inability to repay your outstanding debt.

The other common bankruptcy option is Chapter 13. This is also known as “reorganization bankruptcy.” It allows individuals to create their own repayment plan over the course of 3-5 years. Having a manageable repayment plan can serve as a perfect solution for individuals who want to keep all of their assets and have the means to pay things off through monthly payments.

How Can Bankruptcy Help You?

Filing for bankruptcy is more than just eliminating one’s debt. It’s also about regaining financial stability to move forward as things once were. Bankruptcy is helpful as it can stop all of the traditional, aggressive collection efforts that can become a nuisance. For example, it could temporarily stop any ongoing wage garnishments and stop a foreclosure from moving forward. This is because once a case is filed, creditors are ordered to stop harassing you.

Many people worry about how bankruptcy might impact their long-term credit. However, the reality is that bankruptcy often puts them on the road to improvement much faster than through years of struggling with unpaid debt. After being discharged, many filers begin to see their credit scores recover as they start to become more financially responsible. This can happen from responsible credit use, timely payments, and becoming better at budgeting.

Contact Kerney Law Firm Today

Choosing the right bankruptcy attorney can make all the difference in the outcome of your case. At Kerney Law Firm, our entire firm is focused on consumer bankruptcy. We are proud to provide the knowledge and experience you need to get your life back after financial stress. If you are still struggling financially, don’t face it alone. Reach out today and allow us to help you start your path toward financial freedom.