Providing Bankruptcy Services Since 1963
Foreclosures
Garnishments
Repossessions
When You File Bankruptcy
You can choose the kind
of bankruptcy that best meets your needs
(provided you meet certain
qualifications):
Chapter 7 – A
trustee is appointed to take over your
property. Any property of value will be
sold or turned into money to pay your
creditors. You may be able to keep some
personal items and possibly real estate
depending on the law of the State where
you live and applicable federal laws.
Chapter 13 – You can
usually keep your property, but you must
earn wages or have some other source of
regular income and you must agree to pay
part of your income to your creditors.
The court must approve your repayment
plan and your budget. A trustee is
appointed and will collect the payments
from you, pay your creditors, and make
sure you live up to the terms of your
repayment plan
Geygan & Geygan, Ltd. is a Debt Relief Agency because we help people live without debt through various means including bankruptcy.