Is bankruptcy the right call for me?
Many people who are overwhelmed by debt may not need to file bankruptcy. If your sole source of income is social security or other exempt funds such as VA Benefits or a pension, you may not need to file bankruptcy to be protected from garnishment. Debtors who have no significant assets and who’s sole source of income is derived from funds which are protected by law may not need bankruptcy protection. These folks are referred to as judgment proof. That means even if a creditor has obtained a judgment and has available to them all the powers of a judgment creditor they may not be able to garnish or seize your assets. If you qualify as judgement proof bankruptcy isn’t the right answer for you, and we can consider alternatives to ensuring you have a bright financial future.
Calling us is definitely the right call.
The rules that dictate which assets are exempt and what actions a creditor can take are complex and you may still need to speak with an attorney regarding your particular case. Rank & Associates, P.C. has been advising clients regarding their bankruptcy options for over 25 years. Contact us for your free consultation where we can establish whether bankruptcy is really the right option for you. If we can find an easier way for you we will, because we pledge to do what’s right by our clients, not just for our business.
Not sure what the bankruptcy process looks like or how to get started? Let us help!
We get it – you’re scared and overwhelmed and probably have been for some time. With us on your team you don’t have to be worried and stressed any more. We’ll work to make sure you’re well educated and well prepared for what lies ahead. See what the process looks like by clicking here, or even get started right away by following the instructions you’ll find here. Then you’re well on your way!