Whether you feel like you're hopelessly behind on your debts or you're just tired of being hounded by creditors, you may want to speak with a Rhode Island bankruptcy attorney to see if filing bankruptcy could help you.
A Rhode Island bankruptcy attorney may be able to help you get a fresh start through bankruptcy.
Finding the right solution to your financial problems requires complete and accurate information, and talking to a Rhode Island bankruptcy attorney can help you understand if Rhode Island bankruptcy laws could help you.
If you're afraid to answer the phone, if going to the mailbox fills you with the dread of finding another collection notice, don't wait. Talk to a Rhode Island bankruptcy attorney today.
Under Chapter 7 bankruptcy, the bankruptcy trustee liquidates (sells) your non-exempt assets in order to cover your debts as far as possible.
However, Rhode Island laws may protect many of your assets from liquidation, including your home, car and many personal and household items. Most Chapter 7 filers have few if any non-exempt assets, so there is no liquidation or sale of assets.
Chapter 13, on the other hand, may allow you to keep some of your property. A Chapter 13 bankruptcy is not liquidation, but rather a repayment plan.
Your Chapter 13 bankruptcy plan allows you to make regular payments on property that secures a debt while retaining the property. Under Chapter 13, the bankruptcy trustee balances your income against your debts and living expenses and creates a plan based on your ability to make regular payments.
If you have a sufficient source of income for your lifestyle, but have suffered a financial upheaval, like unexpected medical bills or unanticipated losses, ask a local bankruptcy attorney for more information about Chapter 13.
Take this opportunity to educate yourself about the bankruptcy process and its the impact it can have on your life before you make a decision. Then, when you are ready to learn more or move forward, speak with a local attorney.
Don't wait. Take your first step toward regaining financial security. Just call us toll free at 877-349-1309 or fill in the free case review form on this page to speak with a local Rhode Island bankruptcy attorney.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.