Bankruptcies are a sign of the times. In fact, more than a million
bankruptcies are filed every year in the U.S. If you need protection from
creditors, let LegalACE help. We offer attorney-assisted bankruptcies for a
flat fee, so that you can get a fresh financial start.
There is more than one option when it comes to filing bankruptcy. In Chapter
7, your property is sold to pay off debts, while leaving you with enough to
move forward. In Chapter 7, some property may be sold to pay off debts,
while most or all unsecured debts will be erased. With secured debt, such as
a car, you can allow the creditor to repossess the property; continue paying
on the property if the lender agrees; or pay the creditor a lump sum equal
to the current replacement value of the property.
Chapter 13 offers you the chance to reorganize your finances. You typically
file a repayment plan with the courts to pay back a portion or all of your
debts over time.
In cases of foreclosure, bankruptcy may help by delaying or in some cases
avoiding foreclosure altogether.
While bankruptcies can relieve many types of debt, there are several types
that it cannot eliminate:
Take our Online Bankruptcy Questionnaire to find out if you qualify for our
It is not required that your spouse also file for bankruptcy, but many people consider filing jointly if they have sizeable joint debts. For example, if a married couple lives in a community property state, each party is equally responsible for any debts incurred by either party during the marriage. If only one spouse files for bankruptcy, the creditors could pursue the other spouse for the full amount of the marital debts even if the spouse who filed for bankruptcy was responsible for the debts.
A bankruptcy process with LegalACE involves a brief questionnaire. Once we receive your information we will contact you, discuss our flat-fee service, and make payment arrangements. We then put you in contact with one of our partner bankruptcy attorneys in your area. He or she will handle your bankruptcy and discharge your debts.
Chapter 7 bankruptcy typically involves liquidation of some personal assets, the funds from which are given to your creditors in exchange for discharging your debts. Chapter 13 bankruptcy allows you to retain possession of all of your assets and usually involves restructuring your existing debts and setting up payment plans for you if you have a regular source of income.
LegalACE is not an attorney and is not permitted to offer legal advice or otherwise act as an attorney.
Legal Ace is a document preparation service. Legal Ace should not be considered a substitute for the
advice of an attorney. See the full disclaimer for more details.