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Eden R. Sarver

Eden R. Sarver, Attorney at Law

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Is Bankruptcy Right for You?

There are two primary types of consumer bankruptcies, Chapter 7 and Chapter 13.  A Chapter 7 Bankruptcy helps eliminate most debt for individuals and business owners. Chapter 13 Bankruptcy can help you get current on your house, modify your vehicle loan, and significantly reduce payments to unsecured creditors like medical bills and credit card debt.  However, a Chapter 7 and a Chapter 13 may not eliminate all your debt.   

Below are some things that Bankruptcy CAN and CANNOT Do.

WHAT CAN IT DO

WHAT IT CANNOT DO

There are certain exceptions to a Debt being discharged.  An example of these include the following:

WILL BANKRUPTCY HURT MY CREDIT?

A Bankruptcy will be on your credit report for 7 to 10 years depending on what type of case you file.   Bankruptcy will affect your credit.  Typically, your credit score will drop when you file for Bankruptcy, however this does not mean you will not be able to purchase a car, get a credit card or even buy a house during this time.

Nothing contained in this section or on this site is considered to be legal advice. Contact Eden Sarver today at 614-264-0175 to discuss your options based on your individual situation.

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