Yellowstone Bankruptcy
A local and experienced bankruptcy attorney helping folks through tough times
Bret T. Allred, ESQ.
Before making any major steps to consolidate debt or sell assets talk to an experienced bankruptcy attorney. For example, did you know bankruptcy allows you to preserve the equity in your home. Using that equity to pay credit cards and medical bills in hopes of avoiding bankruptcy can do more harm than good. We live in an error of low wages and outrageous home values. If you lose your home, you may not be able to replace it. Bankruptcy may be able to help by clearing out your credit cards and medical debt or give you time to catch up on missed mortgage payments.
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What Yellowstone Bankruptcy Can Offer
Chapter 7 Bankruptcy
In a Chapter 7 the court orders your creditors to permanently stop collections and in exchange you give them all non-essential property owned at the time bankruptcy is filed. This gives you a fresh start to acquire future wealth.
Chapter 13 Bankruptcy
In a Chapter 13 you pay your creditors a portion of your future earnings for 3 to 5 years and in exchange the court orders your creditors to permanently stop all collections on the unpaid portions of those debts.