Consumer Debt Relief through Bankruptcy in Rhode Island
Most people who file for bankruptcy have every intention of paying their creditors, but have no practical ability to do so due to medical emergencies, loss of employment, or increased living expenses as the result of divorce. If you're concerned about pressure from creditors or imminent problems like mortgage foreclosure or the repossession of your car, get the legal advice you need. Contact a bankruptcy lawyer at the law firm of Revens, Revens & St. Pierre in Warwick.
We can review your financial situation and give you sound advice about the debts you can discharge, the debts you can reaffirm, and the assets you can protect from the claims of creditors. We can let you know whether bankruptcy is a suitable option for relieving financial pressure from any of the following sources:
- Unpaid mortgage obligations
- Indebtedness on a car or truck note
- Credit card bills
- Hospital bills
- Tax arrearages
- Small business debts
- Liability on a personal guaranty or cosigned promissory note
For some people, Chapter 7 bankruptcy for the discharge of most kinds of unsecured indebtedness will be the most promising alternative for debt relief. For others, especially families with a household income above the state median, Chapter 13 bankruptcy can act as a form of debt consolidation while you cure arrearages on secured claims or nondischargeable debt over a period of five years.
Under either chapter of the Bankruptcy Code, you will be protected from foreclosure, garnishment, or other debt collection practices under most circumstances while your case is in the Bankruptcy Court. We can advise you about your specific situation when you schedule a consultation.
To learn how you can relieve the immediate stress of foreclosure or debt collection through bankruptcy, contact an experienced attorney at Revens, Revens & St. Pierre in Warwick.
