The burden of debt can adversely affect your relationships, your physical and mental health, and your career. If you feel overwhelmed with debt that you cannot afford to pay off despite your best efforts, bankruptcy may provide great relief to you and your family. Bankruptcy protection is provided by federal law and is available to all citizens who need it and qualify for it.
At Willis & Associates, in Pittsburgh, we help individuals and families in Pittsburgh get debt relief that greatly improves their quality of life.
Give us a call today to discuss your specific situation. We serve clients throughout Western PA.
If you are dealing with the stress of overwhelming debt, bankruptcy can be an excellent solution. When used wisely, it can provide debt relief, protect you from creditor harassment and enable you to move on with your life.
Many people ask us whether Chapter 7 or Chapter 13 is the right route to go. The answer will depend on your situation and your goals.
Most of our Western PA clients file Chapter 7 bankruptcy, and for good reason. Chapter 7 can provide massive relief, completely eradicating many kinds of debt from your life and providing a clean slate. Chapter 7 filings can be used to discharge, or do away with:
Credit card debt
Personal loans and lines of credit
Medical bills, including bills for hospitals and doctor visits
Vehicle loan debt on a car or truck that you do not plan to keep
Some mortgage debt
Some IRS debt and other tax debt
Chapter 13 is a way of reorganizing your debt in order to make it more affordable to you. The benefits of Chapter 13 are attractive to some consumers with greater assets, consumers who do not qualify for Chapter 7 and consumers who want to keep a particular asset. These benefits include:
The ability to keep a home, car, boat or other asset that you would lose in a Chapter 7
The ability to restructure back mortgage and vehicle payments in a way you can afford
Some of the advantages of Chapter 7, including the opportunity to get rid of or reduce certain unsecured debts
Chapter 13 typically requires you to commit to a five-year payment plan to satisfy some of your debts. An experienced bankruptcy lawyer can help you figure out whether Chapter 13 makes sense for you.
At Willis & Associates, we can help you understand whether bankruptcy is right for you, and, if so, which type will be best. If a filing is in your best interest, we will file the necessary paperwork, represent you in legal proceedings and talk to your creditors and trustees when necessary. Contact us for a free consultation with a skilled Pittsburgh Chapter 7 bankruptcy attorney.
From our anecdotal observations of our client’s credit scores after bankruptcy, it appears to me that the better your score is going in to the bankruptcy, the more quickly your credit score will recover after the bankruptcy, and vice versa. E.g., We recently met with a client who showed a 700 FICO score immediately before the bankruptcy and when we pulled her credit report only 5 months after filing the bankruptcy she showed a 650 score.
Because credit recovery goes hand-in-hand with bankruptcy, we’ve discovered 7 steps that will lead to the fastest credit score recovery after bankruptcy. If you take these steps immediately to start rebuilding your credit score after a bankruptcy, you can transform your credit score within 12 to 24 months after your bankruptcy has been discharged. However, you must take these 7 steps. Too many people decide to wipe their hands clean of credit. As time passes, instead of having poor credit, they end up with no credit. Unfortunately, no credit is just as useless as poor credit.
In our opinion the best credit education program to follow is 720 Credit Score. We purchase this program in bulk and offer it to all of our clients. After testing the program, we’ve found without exception that this credit program (7 Steps to a 720 Credit Score) will bring you back to a good or excellent credit score within 2 years after the bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Contact Us Today.
Call our office to arrange a free consultation with a lawyer about your particular circumstances. Or, if you prefer, complete our brief online form. We welcome your questions.
412.235.1721 or toll free at 855.733.9455