Onukwugha & Associates can assist you in deciding what action is best for you when you face mounting debts, or experiencing financial distress as the result of divorce, loss of employment, injury, illness, or other unfortunate circumstances.

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We provides general information about federal bankruptcy laws and the bankruptcy process.

Get the information you need from our experienced attorneys. Two common types of bankruptcy—Chapter 7 and Chapter 13.

A Chapter 7 bankruptcy can wipe out certain debts within several months, but a court-appointed trustee can sell your nonexempt property to pay your creditors. You also must have a low income to qualify.

A Chapter 13 bankruptcy allows you to keep your stuff and get on a more affordable repayment plan with your creditors. You’ll need to have enough income to afford the payments and be below the maximum total debt limits.

A court will approve the Chapter 13 repayment plan, which usually lasts three to five years, and your trustee will collect your payments and disburse them to your creditors. Once you finish the plan, the remainder of the unsecured debts is discharged.

Before you decide to declare bankruptcy,


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