Millions of Americans struggle with debt. Credit card bills, mortgage payments, medical bills and more can quickly add up. It can be easy to fall behind on payments — especially if you lose a job or experience some other financial setback. When you fall behind, your debt gathers interest and can grow into something that seems nearly impossible to manage.
The good news is that there are ways to reduce or eliminate debt. One of the most important ways is through bankruptcy.
Many people feel uncomfortable with the idea of filing for bankruptcy and feel that it is a last resort. In fact, with the help of an experienced lawyer, filing for bankruptcy can be the first step in providing you with a financial "Fresh Start" and returning you to financial health.
Your Rights as a Creditor
In our creditor's rights practice, we represent creditors in asserting their rights by dealing with debtors in collections, foreclosures and bankruptcy matters. Our services include experienced help with various debt collection options in state court, along with stay litigation and adversary proceedings in federal bankruptcy court.
At Saunders Schmidt& Echols PC, we help people and businesses deal with complicated financial issues in State and Federal Court. With decades of experience, we have helped clients from all walks of life through a variety of bankruptcy matters, including:
- Debtor representation
- Creditor representation
- Bankruptcy trustee matters
Bankruptcy For Consumers
Chapter 13 is a repayment plan that protects you from your creditors while you put together a plan to pay off your debts in three to five years. For those who qualify for it, Chapter 13 can be a great way to get your finances under control without losing your home or other valuable property.
Chapter 7 is faster than Chapter 13, and even more effective at eliminating debt. Chapter 7 may require you to liquidate some of your assets, but there are many state and federal exemptions that will allow you to keep your most important property.
When you come to Saunders Schmidt & Echols PC for bankruptcy relief, we want to help you obtain a fresh financial start, begin rebuilding your credit and working toward a healthier financial future.
Bankruptcy For Businesses
Saunders Schmidt & Echols PC also helps small businesses overcome their debt through Chapter 11 and other forms of business bankruptcy.
Growing businesses need to take risks in order to survive in a competitive marketplace. Chapter 11 allows businesses to better manage those risks. At Saunders Schmidt & Echols PC, we help businesses reorganize their debts so that they can be ready to keep up with changes in the market and return to profitability. We also help business creditors handle claims, stay litigation and adversary proceedings.
Get Started Today
To take the first steps toward getting out of debt and rebuilding your financial health, call Saunders Schmidt & Echols PC at 903-705-4712 to schedule an appointment with an experienced attorney. You can also contact us by email.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.