Bankruptcy Law

Bankruptcy Law

Consumer debt is common across all adult age groups from 18 to seniors with mortgages, credit card debt and even student loans being paid for over the entire working life of many Americans. When you add in emergency expenses and other unexpected financial crisis it is no surprise that 2 in 10 individuals have overwhelming debt problems that lead to further health and relationship stress.


If you are currently in this group and unsure of what to do, Hallock & Associates, LLC can help.

Bankruptcy Relief


One of the main solutions for dealing with crushing debt is the process of Bankruptcy. Although it can be a complex process you have the right to file through the courts for relief of your debt and this can be handled through either Chapter 7 or Chapter 13 bankruptcy in most consumer debt situations.


Your first option is to have a bankruptcy trustee liquidate your non-exempt assets and use the proceeds to make payments to your creditors then discharge or “wipe out” your remaining debts. Your second option is to restructure your debts if you have the ability to pay them but under different terms than originally agreed. As well, possibly any debts remaining at the end of the new payment plan could be eligible to be discharged.


About Hallock & Associates, LLC


Bankruptcy is a legal matter placed under federal jurisdiction by Article 1, Section 8, Clause 4 of the United States Constitution. It can be a complex process, but one that can allow someone dealing with a devastating level of debt to start over. At Hallock & Associates, LLC we have been through all manner of cases and know how difficult and stressful these situations can be. We can relieve your burden and help make things better for you moving forward. We will find a solution that works for you in your current circumstances and offer a no-obligation case evaluation to discuss your options. Contact us today.