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Hoorfar Law: What We Do - Credit Card Debt

Credit Card Debt

How We Can Help

Whether you are facing foreclosure, repossessions, lawsuits, or collection calls, bankruptcy may be the answer. Our law office can help you file either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy in either Kansas, Missouri, or Oklahoma.

Chapter 7 Basics

A Chapter 7 bankruptcy is for an individual who satisfies the means test. A Chapter 7 bankruptcy is not for partnerships or corporations. The process generally takes about 4-6 months from filing the petition to receiving a discharge.

Chapter 7 bankruptcies are typically filed by people with unmanageable amounts of consumer debts, such as credit card debt, medical bills, certain taxes and student loans, and payday loans. It can also be used to get rid of a house or vehicle that the taxpayer can no longer afford and avoid a deficiency judgment.

Chapter 13 Basics

A Chapter 13 bankruptcy is for individuals who are trying to get back on their feet and set up a payment plan for their existing debt. A Chapter 13 bankruptcy is typically filed to stop a foreclosure, stop a repossession, pay back taxes, or pay back-owed child support. A Chapter 13 bankruptcy can take as short as 36 months and last as long as 60 months.

Unlike a Chapter 7 bankruptcy, a Chapter 13 bankruptcy debtor will make monthly payments to the bankruptcy court in order to catch up on their past due mortgage payments, income taxes, child support, or back-owed vehicle payments. These monthly payments are then used by the court to pay the debtor's current payment obligations as well as past due amounts. At the end of the bankruptcy, the debtor will receive a discharge for some debts and should be current on their mortgage, vehicle payments, child support, and income taxes.

Alternatives to Bankruptcy

Contact the Law Office of Camron Hoorfar, PC if you would like to avoid bankruptcy but still be able to reduce or eliminate your debt. We may be able to help you settle your debt or perform a mortgage modification.