Bankruptcy
We are a Debt Relief Agency. We help people file for relief under the bankruptcy code. Bankruptcy laws and procedures have become increasingly complex since the passage of the Bankruptcy Reform Act in 2005. Attorney William Neiman can guide you through the complicated maze of the bankruptcy procedure so that you can obtain relief from your creditors and get the "fresh start" that you need.
Chapter 7:
This is straight bankruptcy - it generally will discharge all unsecured debts such as credit cards, medical bills, collections, signature loans, etc. With respect to secured debts (house loan & car loans), if you want to keep the property, you usually can, however, you will have to continue to pay that creditor.
What you need to bring with you on your first appointment:
- Income for 2009
- Income for 2010
- Income so far for 2011
- All paycheck stubs received in the previous 60 days
- Documentation for any lawsuits, garnishments, or judgments
- Bills from all creditors (including house loans & car loans), collection agents, collection attorneys. If you do not have a bill, you will need:
- Name and address of each creditor
- Approximate amount owed to creditor
- Account number if available
- Copy of your 2010 tax return (if completed).
Chapter 13:
This is debt reorganization. It will require you to pay a monthly payment to a Trustee for a period of 36-60 months through a wage withholding with your employer. At the end of all of the payments to the Trustee, you will be granted a discharge of the unsecured debts such as credit cards, medical bills, collections, signature loans (regardless of how much the creditor actually received from the Trustee). You can pay arrears on house payments through the plan and you can (and usually must) pay vehicle loans through the plan.
What you need to bring:
- Income for 2009
- Income for 2010
- Income so far for 2011
- All paycheck stubs received in the previous 60 days
- Documentation for any lawsuits, garnishments, or judgments
- Bills from all creditors (including house loans & car loans), collection agents, collection attorney. If you do not have a bill, you will need:
- Name and address of each creditor
- Approximate amount owed to each creditor
- Account number if available
- Copy of your 2010 tax return (if completed).
Additional Information
Upon filing a bankruptcy case, an order for the automatic stay goes into effect. This order does many things, but of particular importance to someone who is filing for bankruptcy relief, this order does the following:
Prohibits creditors from contacting the debtor by telephone, mail or otherwise to demand repayment; taking any actions to collect money or obtain property from the debtor; repossessing the debtor's property; starting or continuing lawsuits or foreclosures; and garnishing or deducting from the debtor's wages.
Chapter 7: This is straight bankruptcy - it generally will discharge all unsecured debts such as credit cards, medical bills, collections, signature loans, etc. With respect to secured debts (house loan & car loans), if you want to keep the property, you usually can, however, you will have to continue to pay that creditor. If you do not want to keep the property, you can surrender (give it back) to the creditor and you will owe the creditor nothing further for that debt.
Most people file chapter 7 - about 94%.
What you need to bring with you on your first appointment:
- Income for 2009 (can get it off of your taxes)
- Income for 2010 (can get it off of your taxes or your last paystub for 2010)
- Income so far for 2011 (recent paycheck stub)
- Copy of your 2010 federal and state tax return (if completed) or a copy of your 2009 tax return if 2010 is not yet completed.
- Bank statement for previous month for all open bank accounts (checking, savings, etc.)
- All paycheck stubs received from any employer within 60 days of the date of the filing of the case
- Documentation for any lawsuits, garnishments, or judgments.
- Bills from all creditors (including house loans & car loans), collection agents, collection attorneys. If you do not have a bill, you will need:
- Name and address of each creditor
- Approximate amount owed to creditor
- Account number if available
Our Location
1470 25th Avenue
Columbus, NE 68601
