Exploring Your Bankruptcy Options: A Baton Rouge Bankruptcy Attorney
At Derren S. Johnson & Associates, we help individuals and families in financial distress obtain debt relief through the following bankruptcy options:
If you are burdened by credit card debt and overdue bills, we can help you. Bankruptcy can stop wage garnishments, mortgage foreclosures, vehicle repossession, and creditor harassment.
Can I still file for bankruptcy now that there is a new law?
Many people think that because of changes to the law in the 2005 bankruptcy bill, filing bankruptcy is no longer an option for them. This is not true. For almost all individuals, debt relief through bankruptcy is still possible. The attorneys at Derren S. Johnson & Associates can inform you of your options under the law. We can show you in dollars-and-cents terms what a bankruptcy filing under Chapter 13 or Chapter 7 can mean for your wallet or pocketbook.
Will I have to give up all my assets if I file bankruptcy?
Under both Chapter 13 and Chapter 7, you can keep significant assets such as your house, your vehicle, pension plan or 401(k) assets, and other personal property. The attorneys at Derren S. Johnson & Associates can advise you as to your options.
For some people, a Chapter 7 filing is not appropriate. For example, if your house is already under foreclosure, a Chapter 7 will not help you keep your home. Due to their inexperience with bankruptcy, some bankruptcy lawyers will try to fit a person into a Chapter 7 filing in that situation. While those filings are easy to do, the right solution, a Chapter 13 filing, is much more appropriate.
Will bankruptcy stop wage garnishment?
Wage garnishment laws in Louisiana allow creditors to garnish up to 25 percent of an individual's income. When an individual files bankruptcy, an automatic stay goes into effect that stops wage garnishment and other collection efforts by creditors. To learn more about wage garnishment laws in Louisiana, schedule a consultation at our firm.
Hurricanes Katrina and Rita in 2005 and Hurricanes Gustav and Ike in 2008 have caused untold damage to the people of Louisiana. These disasters continue to cause financial damage and distress to Louisiana workers and families.
We Offer Very Competitive Rates
If you face an imminent vehicle repossession or mortgage foreclosure, a bankruptcy lawyer at Derren S. Johnson & Associates can help you keep what you have worked for all your life.
For a free initial consultation with a bankruptcy and mortgage foreclosure lawyer at Derren S. Johnson & Associates, call toll free 888-564-6766 or contact us online.