Has your debt become unmanageable? Are you receiving harassing phone calls from creditors at work and at home? If you are experiencing financial distress or if you have lost your job and are facing the possibility of losing your house or car, a Washington, DC attorney at the Law Firm of Kevin D. Judd may be able to help you alleviate your debt by filing for Chapter 7 bankruptcy or filing Chapter 13 Bankruptcy. The decision to file bankruptcy is never easy. However, there are cases when protecting your home and assets can only be achieved using the nation's bankruptcy laws, which is why you should seed the professional advice of a bankruptcy attorney. We offer a free consultation to answer these bankruptcy questions and more; including how much does it cost to file bankrupt and what types of bankruptcy is best for you. Bankruptcy laws has changed in recent years and we specialize in helping families and individuals restructure their debt. If you want to get a fresh start on your finances, rebuild your credit, pay your bills on time and stop wage garnishments, working with the Law offices of Kevn D. Judd may be the best option for you.
Generally, individuals and families have two options for debt relief through bankruptcy. The key differences are the time each process takes and the way you pay back a portion of your debts before receiving a discharge. Nevertheless, the end result for both is the same: your outstanding dischargeable debts are erased. However, you may still have non-dischargeable debts that must be paid such as child support payments and student loans.
Spousal Support
Non-dischargeable debts: Includes student loans, taxes within the previous three years, alimony support payments, child support payments, and criminal restitution
Chapter 13  is designed for persons with regular income who were temporarily unable to pay their debts but would like to pay them in installments over a period of time. Chapter 13 bankruptcy is typically used by consumers who have substantial disposable income or persons who have fallen behind in their mortgage and/or vehicle payments and are faced with foreclosure or repossession, but would like to retain the property. Under this, you must file a Chapter 13 repayment plan with the court to repay your creditors using your future earnings. The repayment period is usually three years, but no longer than five years. After completion of your payment plan, your debts will be discharged, except for long term secure obligations such as mortgage and vehicle loans, student loans, alimony and support payments, criminal restitution and debts for death or personal injury caused by driving intoxicated from alcohol or drugs.
Kevin D. Judd concentrates his law practice on consumer bankruptcy, helping people find relief from unmanageable debt and reclaim a bright financial future. He can assist individuals and families in filing either Chapter 7 bankruptcy
Foreclosure
There are many circumstances that can cause hard-working, honest individuals to experience financial difficulties. Losing a job, medical bills, or an unexpected event can quickly make your finances unmanageable. Our attorney at the Law Firm of Kevin D. Judd has over 25 years of legal experience and can provide the no-judgment representation you need to get your life back on track. Our bankruptcy services in Washington, D.C., are designed to eliminate or consolidate your debt, stop foreclosure, and restore your financial freedom.
Debt Collection
Bankruptcy is not a quick-fix option for getting out of student loan debt, but in certain circumstances, it can be the best course of action. Though the debts are non-dischargeable, they are subject to automatic stay in both Chapter 7 bankruptcy and Chapter 13 bankruptcy, meaning debt collection actions must discontinue when bankruptcy is declared.