Bankruptcy Lawyer Serving South Side

Types of Debt that can be eliminated in Bankruptcy

Many people across America find themselves overwhelmed and in trouble by mounting credit card debt, personal loans, tax bills and increasing mortgage payments.  Now, more than ever many are unable to keep up with their monthly payments and have fallen severely behind.  Many experience creditor calls and possible harassment when they have gotten behind on their payments and they may not know what their options are.  You may find yourself in this situation.  At Glanzer & Associates, P.C. we are experienced South Side bankruptcy attorneys who can provide you with answers to your questions.  We will be able to review and assist you with the correct procedure to use to reduce or eliminate your debt load and help free you from the worry and stress you are experiencing.

Chapter 7 and Chapter 13 handle debt differently.  Chapter 7 can eliminate most types of debt, such as personal loans, credit card bills, car repossession deficiencies, medical bills, department store bills, even utility bills.  Chapter 13 will restructure the debt you have and eliminate most of your debt through your Chapter 13 repayment plan.  There are, however, certain types of debts that cannot be discharged through bankruptcy.  These types of debts include:

• Income Taxes
• Property Taxes
• Child support
• Spousal support payments
• Most student loans
• Court-ordered fines or penalties
• Restitution owed to injury victims or crime victims

South Side Bankruptcy Attorney

Filing for bankruptcy allows people to get their finances under control and start fresh.  Being able to eliminate or restructure your debt will allow you to get back on your feet and look forward to a positive future.  It is important you get all the available help you need in making the proper decision for handling your financial situation.  With the help of the caring and compassionate staff at Glanzer & Associates, P.C., we will formulate a plan to get you back on firm financial footing.  We urge you to contact us today to obtain the information you need.  Contact us today.  

Act today and eliminate your debt through bankruptcy. Find out how by contacting our South Side bankruptcy attorneys at the  Glanzer & Associates, P.C.