Providing A Fresh Start
Declaring bankruptcy is nothing to be ashamed of. During these trying times, more and more Americans are facing bankruptcy due to medical bills, divorces and unemployment. Federal law provides residents of Wyoming with the option of filing a bankruptcy petition in order to get a fresh start.
Chapter 7 Bankruptcy Relief — The Preferred Method Of Beginning Again
The most common type of bankruptcy relief is Chapter 7. Here at the Law Office of Shelly Kay Flot, PC, we represent clients in Chapter 7 bankruptcy proceedings throughout southeastern Wyoming. Our founding attorney, Ms. Flot, is a skilled Chapter 7 bankruptcy lawyer who will guide you through the entire process.
When you file for Chapter 7, you can petition for a discharge of your unsecured debt, this can include:
- Credit cards
- Medical bills
- Signature loans
It is important to note that debts such as student loans, child support payments and taxes owed to the state and federal entities; cannot be discharged through Chapter 7. Because this is a complex area of law, we strongly advise that you contact an attorney for assistance before your wages become subject to garnishment or your home is foreclosed upon.
Are you worried about your credit score? Learn how Ch. 7 Bankruptcy can affect it.
One of the essential benefits of declaring bankruptcy is the automatic stay. With an automatic stay, most of your creditors will be prevented from collecting on debts while the bankruptcy is still proceeding. It buys our clients breathing room and time. For many clients divorcing due to financial problems, it is important to note that they should file for bankruptcy before they file for divorce.
Do Not Liquidate Assets
One of the tragedies of bankruptcy relief is that sometimes clients liquidate IRAs and 401(k)s to pay off debt before finally declaring bankruptcy. Our office can help you protect much of your retirement savings that can be exempt from discharging the debt you owe. Before you compromise your future retirement, consult with attorney Flot to determine the best course of action. We offer a flat fee for bankruptcy filings.
Call For A Free Consultation
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.