Read below to learn more about how Gregorek and Associates, PLLC can help you with your bankruptcy needs.
If you are facing financial hardship, you need not go it alone. When considering Bankruptcy it is important to review other options that may be available to you. At Gregorek and Associates, PLLC, we take the time to discuss your options and provide you counsel on your best options.
Bankruptcy laws were established to allow individuals who find themselves unable to pay their bills a legal means to obtain a FRESH START. Bankruptcy is Federal Law and all bankruptcy cases are filed in Federal Court. A powerful feature of bankruptcy occurs upon the filing of a bankruptcy petition, the court issues an AUTOMATIC STAY that immediately stops all creditors from seeking to collect a debt while the Federal Court assesses the individual’s situation and determines if a bankruptcy will be granted. There are many myths and misconceptions regarding bankruptcy. Continue reading to prepare yourself and to avoid some of the most common mistakes made before filing bankruptcy.
You may also explore the following areas:
- Should I File for Bankruptcy?
- Frequently Asked Questions (FAQ)
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Glossary of Terms
- Directions & Related Information for the Western District of Washington Courthouses
- Videos on Bankruptcy
Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA)
President George W. Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act on April 20, 2005. The law took effect October 17, 2005. The act limits access of certain individual’s to the US Bankruptcy courts. Key changes made included:
- New presumptions against debtors with increased penalties
- A reduction of judicial discretion to balance competing interests
- New bans on Chapter 7
- Increased payments under Chapter 13
We are an established law firm that handles bankruptcy, and we can help you save time and money and give you peace of mind. We assist our clients in foreclosure defense, creditor workouts, and other non-bankruptcy financial planning. We provide counseling that results in your knowing all of your options along with the costs and benefits of each so you can make an informed decision.
Our clients come from all walks of life. Today, more than ever, many of our clients are experiencing financial difficulties and would never have imagined that they would be considering bankruptcy. The stress is significant, and individuals often find themselves using credit cards, loans, lines of credit and equity in their homes to pay their monthly bills. As things worsen, clients frequently dip into retirement accounts to make ends meet. Depleting retirement accounts is a serious mistake, since retirement accounts like 401(K)s and most IRA accounts are exempt from bankruptcy proceedings. Protect yourself and your assets; call for a complimentary telephone conversation to see if we may be able to help.
Our services are professional, confidential, and discrete. We offer streamlined systems to assist each client with pre- and post-consumer counseling; your credit reports both before and after bankruptcy, your financial disclosure information, and all required filing documentation.
Contact Gregorek and Associates, PLLC today
We can't be sure what lies beyond the horizon. Still we charge ahead, realizing that we will encounter both calm waters and stormy seas. Gregorek and Associates, PLLC can help you navigate your way through complicated legal and tax related situations safely and securely. Contact Gregorek and Associates, PLLC online or call us at 1-888-319-6215.