Bankruptcy

Contact us today at (800) 995-5152 or contact us for a free bankruptcy/debt relief consultation. In-person and digital appointments are available in West Virginia and North Carolina.

  • Making only the minimum payments on your credit cards?

  • Overwhelmed with collection letters and medical bills?

  • Behind on your mortgage or car loan?

  • Facing a creditor’s wage garnishment?

Bankruptcy may be the answer. Each year, thousands of people struggling with debts just like yours find relief in bankruptcy. Most bankruptcy cases result in eliminating most, and sometimes all, of your unsecured debt, giving you a fresh start and making it possible for you to rebuild your credit.

OVERVIEW:

At Klein & Sheridan, LC, we know this is a difficult time for you and your family. Our friendly and caring staff will work with you to ensure you know your rights and understand the bankruptcy process.

We encourage you to schedule a free consultation with one of our attorneys to determine if bankruptcy suits you and your family’s financial situation. Usually, the sooner you know your options, the better; there is no need to wait until your financial situation has become unmanageable before reaching out. Sometimes, being proactive can mean avoiding bankruptcy altogether or may prevent further financial distress.

BANKRUPTCY BASICS

Bankruptcy is designed to give you relief from your debts and a reprieve from your creditors. There are two types of personal bankruptcy: Chapter 7 and Chapter 13. Your ability to qualify for one Chapter or the other depends on many factors, including your household income and the amount of equity in your property.  

We will help you make the right choice, even if that means not filing for bankruptcy. And, if filing bankruptcy is the right choice for you, we will walk you through the pros and cons of each Chapter and help you choose the Chapter that is best for you.

CHAPTER 7

Simply put, a Chapter 7 is a liquidation and will eliminate most of your unsecured debts, such as credit cards, personal loans, and medical bills. It is designed to give you the “fresh start” you deserve.

Those filing for bankruptcy are entitled to certain exemptions under their state’s laws to protect their real and personal property from creditors. In most cases, individuals will not lose any property in Chapter 7; your attorney will help best use your available exemptions.

CHAPTER 13

Simply put, a Chapter 13 bankruptcy is a reorganization or a repayment plan. Filing a Chapter 13 bankruptcy will prevent a looming foreclosure sale or repossession of a mobile home or vehicle. Chapter 13 bankruptcy allows you to catch up on your missed payments by spreading them out over 60 months. If you have a regular monthly income, Chapter 13 will help you “catch your breath” and repay your unsecured debts based on your available income. A Chapter 13 bankruptcy typically allows you to retain your home, vehicles, and other property.  

WHAT TO BRING WHEN YOU MEET WITH US

While you do not have to bring any documents with you to your initial consultation, it is helpful to bring the following:

  • Most Recent Pay Stubs for You and Your Spouse

  • Last Year’s W-2 for You and Your Spouse

  • Any Lawsuits Filed Against You

  • Any Repossession or Foreclosure Letters

  • Mortgage Statement (if behind)

Call us toll-free at (800) 995-5152, or fill out the contact form below to schedule a free consultation.