Individual consumers face several financial challenges that are completely out of their control. Due to current economic factors such as prolonged unemployment, layoffs, and reductions in income, the number of consumer bankruptcies is still on the rise. Many consumers will do anything they can to delay or avoid filing for a bankruptcy, including liquidating assets that could be protected in a bankruptcy, such as a 401K or other exempt retirement account.
If you are facing financial difficulties, a Chapter 7 or Chapter 13 bankruptcy can be a vital tool to put you back on the road to economic wellness. The attorneys at DelCotto Law Group PLLC have extensive experience dealing with all areas of a consumer bankruptcy. Members of the DelCotto Law Group will meet with you to discuss your financial situation along with your future goals and assist you with determining the best course of action for achieving those goals.
Specifically, the attorneys at DelCotto Law Group PLLC can assist consumers in key issues surrounding a Chapter 7 or Chapter 13 bankruptcy including:
- Reaffirmation Agreements
- Lien Avoidance or Stripping
- “Cram-Down” of vehicles and other secured loans in Chapter 13
- Means Testing