Chapter 7 and 13 Bankruptcy

When you need debt relief, you may be concerned about the consequences of #bankruptcy. You may wonder what will happen to your credit score, if you will ever be able to purchase a home, and what will happen to your existing assets. A #bankruptcyattorney can help you explore all of your debt relief options and alternatives so that you understand all of your rights and obligations before filing.

Bankruptcy is a debt relief option available to you to provide a fresh start:
Attorney Al Rego can help you explore all of your options and claim your right to financial security and debt relief.

#Regolaw is experienced in representing individuals and married couples in consumer bankruptcy cases. There are a number of options available and we will help you to understand debt consolidation and payment plans that may help you to avoid bankruptcy. If bankruptcy is right for you, we can assist in filing and ensuring that your rights are protected throughout the process.

Chapter 7 and 13 allows consumers to:
• Stops foreclosures on homes
• Keep car from being repossessed
• Reduce or eliminate credit card debt
• Reduce or eliminates high medical bills
• Stop creditor harassment

Chapter 7 Bankruptcy:
Chapter 7 is available to remove all unsecured debt including medical expenses and credit card debt. You must qualify for #chapter7 using a means test, which compares a family income compared on an annualized basis to the family income average. In the event that you do not qualify for a Chapter 7, you may be able to file for Chapter 13 bankruptcy.

Chapter 13 Bankruptcy:
Chapter 13 is usually used by individuals or families that do not qualify for Chapter 7 or they have a home or other secured assets they are interested in protecting against bankruptcy. A #chapter13 allows you debt relief though repayment plans and consolidation.

For a free telephone consultation call 401-253-2500. #Rego&Rego is located at 443 Hope Street, Bristol, Rhode Island. For more information visit www.regolaw.com

See an informative statistical article at http://www.justice.gov/ust/how-fresh-fresh-start-bankruptcy-numbers-abi-journal-decemberjanuary-2001