Urbana Bankruptcy Attorneys

Call Bridges, Jillisky, Weller & Gullifer, LLC at (937) 403-9033

When you’re swimming in debt, it can become easy to avoid the stacks of bills and calls from creditors. It’s overwhelming, but it’s important to face the situation head-on, and that includes considering all your options.

At Bridges, Jillisky, Weller & Gullifer, LLC, we help clients from all walks of line with their financial issues. While bankruptcy may seem like a purely negative impact your life, there is good news. Once the paperwork is filed with the bankruptcy court, the harassing phone calls, lawsuits, and foreclosures all stop. If you want help creating an effective strategy and plan to solve your economic issues, contact our Urbana bankruptcy lawyers today.

Call our firm at (937) 403-9033 for a free case evaluation.

Chapter 7 Bankruptcy

Chapter 7 is a liquidation bankruptcy that wipes out most of your unsecured debts such as credit card and medical bills. When you file for Chapter 7, an “automatic stay” immediately stops most creditors from pursuing collection efforts. Also, a bankruptcy trustee is appointed to your case; their job is to review your bankruptcy papers and supporting documents and sell your nonexempt property to pay back your creditors. Chapter 7 bankruptcy works best for low-income debtors with little or no assets.

Chapter 13 Bankruptcy

Chapter 13 is a reorganization bankruptcy designed for debtors with regular income who can pay back a portion of their debts through a repayment plan. In Chapter 13 bankruptcy, you get to keep all of your property. In exchange, you pay back all or a portion of your debts through a repayment plan that lasts several years. Typically, Chapter 13 bankruptcy is for debtors who don’t qualify for Chapter 7 or those who have fallen behind on a house or car payment and want to keep their property.