Helping Clients Obtain Debt Relief Through Bankruptcy

Dealing with unmanageable debt can have a negative impact on many different aspects of your life. The stress of not being able to keep up with your bills along with the continual calls and demand letters from debt collectors can affect your work, personal life and even your health. Federal law provides you with a way to eliminate at least a portion of your debt and get the fresh start you need.

Bankruptcy is a powerful tool that can help you avoid home foreclosure and put an immediate stop to wage garnishment, collection lawsuits, utility cutoff, auto repossession and creditor harassment. Since 1974, Karns Law Group has helped individuals struggling with debt to get a fresh start through Chapter 7 and Chapter 13 bankruptcy.

Some people are afraid to consider bankruptcy because they feel that initiating a legal proceeding involving their debts indicates that they have done something wrong. The truth is that the process is designed to help you exercise your right under federal law to eliminate your debt so you can regain control of your finances.

Your Consumer Bankruptcy Options

If you are struggling to put food on the table while keeping up with your mortgage payments, credit card bills and medical expenses, our Rhode Island attorneys will be honest with you about your debt relief options and point you in the direction that will best protect your financial future. In every case, we work diligently to obtain maximum debt relief for our clients while enabling them to keep as many of their assets as permitted by law. Our firm provides skillful representation, and we offer a level of personal attention not found at larger law firms.

Chapter 7: Eliminate Your Debts And Make A Fresh Start

In Chapter 7 bankruptcy, some of your property may be sold (liquidated) to pay back a portion of your debt. In return, most or all of your unsecured debts (debts not secured by collateral) will be eliminated. The Chapter 7 process usually lasts four to six months and is designed for people who do not have a regular income or whose income falls below a certain level. Many cases are declared "no-asset" cases where the trustee finds no assets that can be liquidated to repay creditors, so there is a reasonable chance that you will not lose anything in your Chapter 7 filing.

Chapter 13: Get Caught Up With An Affordable Repayment Plan

If you are facing the threat of foreclosure, filing for Chapter 13 bankruptcy can be one of the best ways to protect your home, safeguard your assets and get caught up on other debts. In Chapter 13 bankruptcy, your property is not taken or sold to pay off creditors. Instead, you enter into an affordable repayment plan to pay off some or all of your debts over a three- to five-year period. At the end of the repayment plan, your remaining debts will likely be eliminated.

Contact Our Chapter 7 And 13 Bankruptcy Lawyers

Contact Karns Law Group to schedule a free consultation with one of our experienced bankruptcy attorneys in Providence, Middletown or Wakefield. We represent clients throughout Rhode Island and Massachusetts. You can reach us locally by calling 401-239-1085, toll free at 888-KARNS-LAW or contact us via email to arrange an appointment.

We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.