Delaware Bankruptcy Lawyers
Obtain Financial Freedom in Delaware & the Eastern Shore of Maryland
Do you need to have a serious talk about your debt with someone who can help? Does your phone ring day and night? Have you lost your job? Make Whitehead Law your next call. Chapter 7 bankruptcy can liquidate your debt and allow you to discharge your unsecured debts. Whitehead Law is committed to helping you navigate the bankruptcy process. Call our Delaware bankruptcy lawyers today.
Taking Care of Debt for Good
Debt consolidation and debt negotiation companies can only get you so far. Most of the time, they simply don’t work. Most people who commit to these programs waste a lot of their hard earned money and end up filing for bankruptcy anyway.
Bankruptcy relief is the only real debt relief there is. Why? Because it is the law. Chapter 7 bankruptcy allows tens of thousands of people a chance at a fresh start each year.
Documents you will need if you hire a bankruptcy attorney:
- Three years of tax returns
- Six months of pay stubs
- Six months of bank statements for all your bank accounts
- Copies of car titles
- Copies of retirement account statements
Be aware that most tax debt and student loans are not dischargeable in bankruptcy but in most cases, you can still keep your car, provided you continue making the payments. The particulars of your financial situation require a longer conversation with a Whitehead partner personally.
What Debts Cannot be Discharged by Bankruptcy?
The debts that cannot be discharged by bankruptcy are the following:
- Alimony and child support.
- Debts for willful and malicious injury to another person or property. "Willful and malicious" here means deliberate and without just cause. In Chapter 13 bankruptcy, this applies only to injury to persons; debts for property damage may be discharged.
- Debts you failed to list in your bankruptcy filing.
- Certain unpaid taxes, such as tax liens. However, some federal, state, and local taxes may be eligible for discharge if they date back several years.
- Debts for death or personal injury caused by the debtor's operation of a motor vehicle while intoxicated from alcohol or other substances.
While many companies make big promises to negotiate your debt down with your creditors, they cannot stop creditors from suing you in court and eventually attaching your wages. They will not defend you in court if you are sued. The only real debt relief is found in the bankruptcy court.
After bankruptcy, your credit score will improve. Believe it or not, rebuilding your credit score can be as simple as paying your bills on time. Contact Whitehead Law to ask about other ways to rebuild your credit post-bankruptcy.
Get started today by dialing (302) 663-7975.