If your wages do not cover all your bills, or if your home is at risk of mortgage foreclosure, you need to contact our firm to discuss your options with an experienced bankruptcy attorney located here in Pensacola today. The bankruptcy law attorneys at Farrar Law Firm have more than 20 years of experience helping people file for personal bankruptcy.

The recent changes in the bankruptcy laws have been primarily beneficial to creditors. However, while the new laws make it harder to qualify for Chapter 7 bankruptcy, most debtors are still able to get debt relief. If you do not qualify under Chapter 7, you may still qualify under Chapter 13.

• Chapter 7 bankruptcy is called liquidation bankruptcy because it involves the sale of many of the debtor's assets to pay off part off part of the debt.
• Chapter 13 bankruptcy, called the wage earner's plan, allows debtors with steady income to formulate a manageable debt repayment plan.

In bankruptcy, certain possessions such as a personal car and family home are usually protected. Both forms give relief - through sale and discharge or repayment - from credit card debt, auto loans, medical bills, and other unsecured debt.

We understand that many financial hardships result from the loss of a job, a divorce, or other unpredictable situations. We assist our clients with all their legal issues, and show them how the law can protect them and provide relief.

For More information ... Bankruptcy FAQ

Regardless whether you file for Chapter 7 or 13, filing for bankruptcy has immediate relief and effects:

• Stop foreclosure of your home: Filing "stays" (stops) the foreclosure process.
• Stop creditor harassment and collection calls: As soon as you file, all creditors must call us-not you.

We view bankruptcy as a financial solution to a certain financial problem. We are experienced, respectful and caring lawyers who can help you determine if Chapter 7 or 13 bankruptcy is right for you.

For a complimentary telephone consultation with an experienced consumer bankruptcy lawyer contact our office (850) 434-8904 today. Let us help you get the fresh financial start you need.

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