The stress of struggling to pay bills takes its toll on debtors and families. Many people will be forced to endure several calls per day from debt collectors, see huge reductions in their credit ratings, and even contemplate selling their homes or emptying their savings accounts just to make ends meet. But what many of these people don’t realize is that bankruptcy may be an option to get them back on track and bring peace back into their lives.
Bankruptcy Can Relieve Many Types of Consumer Debt
At the Nestor Law Office, it is our mission to help West Virginia residents who are in need of debt relief. We examine your tax returns, copies of your bank statements, credit card invoices, and medical bills to determine the best way to dissolve past debts. We deal with your creditors and collection agencies on your behalf and work to ensure that you retain your home and most precious possessions. If your medical debt, credit card debt, or other financial obligations are becoming too much to handle, contact us today to speak to an attorney about your case.
We advise clients on many different forms of bankruptcy proceedings, including:
- Chapter 7.
- Chapter 11.
- Chapter 13.
Should I Consider Filing for Bankruptcy?
Bankruptcy will typically relieve the debtor of much of his or her unsecured debt, such as credit card purchases and medical debt. However, not all consumers are eligible to file for bankruptcy. Attorney William “Ty” Nestor can examine your debt history carefully and perform income calculations to see if you meet the criteria for bankruptcy. If you are a good candidate, our firm will guide you through the bankruptcy process, including:
- Stopping collections. Once a person has filed for bankruptcy, the debtor is protected from all forms of collection letters, repossession, foreclosure, and wage garnishment. If the debtor chooses to keep some assets, he or she will be expected to make timely payments that have been exempted from bankruptcy.
- Protecting assets. Bankruptcy laws were designed to assist the debtor in obtaining a “fresh start” in his or her financial future. For this reason, some assets can be retained, such as a debtor’s primary residence, automobile, and a certain amount of other goods and personal items. We will work with you to keep as much of your holdings as possible while discharging your most pressing financial obligations.
- Rebuilding credit. Filing for bankruptcy will affect a debtor’s credit rating, impacting his or her ability to obtain financing in the future. Although a record of your bankruptcy will remain on your credit report for several years, there are ways to improve your credit rating in the years following bankruptcy. We educate our clients on the most effective ways to rebuild credit and avoid future debt problems after bankruptcy.
The Bankruptcy Code contains many different forms of debt relief for individual consumer debtors. Attorney Ty Nestor can help you determine which form of consumer debt relief best meets your needs, and will make every effort to protect you to the greatest possible extent. We take the time to educate our clients about their debt relief options, allowing them to make informed decisions about their credit for the rest of their lives. Call us today or fill out our online contact form to find out how we can help.
Disclaimer: Federal Law requires the following disclosure: William T. Nestor, PLLC is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Any services provided or benefits that may be obtained are with respect to the bankruptcy relief provided in Title 11 of the United States Code.