JP Legal LLC offers a complimentary credit repair session for all of our clients. When you choose to retain JP Legal LLC, our network of professionals will work with you to determine the best strategy for your case, including fixing your credit to have a fresh start.
Bankruptcy is the legal process of extinguishing or paying off debts. The bankruptcy court itself calls this a “Fresh Start” and enables an individual to re-start their lives without the heavy burden of debt. There are two types of individual bankruptcy plans – Chapter 7 and Chapter 13. Both Chapter 7 and Chapter 13 bankruptcies can be effective tools in the foreclosure process.
Chapter 7 bankruptcy is a type of bankruptcy where an individual can clear away numerous types of unsecured debts. If you find yourself far behind on bills or can no longer afford your monthly living expenses and payments, then a Chapter 7 bankruptcy may be the right option. While a Chapter 7 can wipe out your debts, there are certain downsides, such as having to give up some possessions or having your credit score go down significantly. Contact JP Legal LLC today to determine if this is the right option for you.
Chapter 13 bankruptcy is a type of bankruptcy where an individual can pay back a percentage of their debts over the span of 36-60 months (3-5 years) with a repayment plan. If you find yourself falling behind on your bills, but want to pay your debts back, then a Chapter 13 bankruptcy may be the right option to pursue. There are downsides to a Chapter 13 as well, possibly giving up some assets or possessions or having your credit score go down significantly. Contact JP Legal LLC today to determine if this is the right option for you.