Bankruptcy

When bills begin to pile up unexpectedly due to job loss, disability or other circumstances, it is easy for finances to spiral out of control. Filing for personal bankruptcy can help you regain control of your financial future. At Stampone Law, we help our clients get a fresh start by reducing or eliminating mounting debt. If you are considering bankruptcy, now more than ever it is crucial to hire a skilled attorney to assist you. Recently enacted bankruptcy laws have made the bankruptcy process more confusing and difficult - a knowledgeable attorney from Stampone Law can help you navigate the system successfully. At Stampone Law, we will help you decide whether bankruptcy is right for you. If it is, we can help you determine which type of bankruptcy would best serve your needs and place you back on sound financial footing.

You should know that Congress designed the federal bankruptcy code to give consumers a fresh financial start. Typically, individuals who file for bankruptcy will do so under either Chapter 7 or Chapter 13 of the code. Chapter 7 helps debtors eliminate many kinds of unsecured debts, such as credit card balances, medical bills and personal loans. Chapter 13 allows debtors to come up with a repayment plan that will reduce debts over a three- to five-year period. Chapter 13 is often used to consolidate and reduce debts such as mortgage arrears, car or student loans, and credit card balances. While Chapter 7 is the most common choice, the new bankruptcy laws mean that not everyone is eligible for Chapter 7 relief.

Our attorneys can help you determine whether you are eligible for Chapter 7, Chapter 13 or both. We can then guide you through the bankruptcy process, which includes halting calls from creditors and in some cases, stopping wage garnishment or preventing foreclosure on your house. It is important to know that you are not alone, and there is a solution to your financial troubles. We can help you regain your peace of mind.

If you have a question about bankruptcy, or if we can be of assistance to you, please do not hesitate to contact us for assistance. Our goal is to make your life easier, every step of the way.

• Chapter 7 and Chapter 13
• Credit difficulties
• Predatory lending