STEPHANIE BROOKS CHADWELL

Focused on seeing you through the debt relief process

   A bankruptcy law firm can help you clear the slate and re-write your financial future. Whether you are facing an individual or a business financial crisis, my office is here to help. I understand how the Bankruptcy Fraud Protection and Consumer Protection Act of 2005 changed some of the qualifying conditions. As your bankruptcy advocate in southwest Virginia and eastern Kentucky, I review your circumstances to determine if you have a case for court-ordered debt relief and, more importantly, whether bankruptcy is the right option for you.

Experienced, compassionate guidance
 

   I have years of experience practicing before the federal bankruptcy courts. My office understands that facing bankruptcy proceedings is never simple, but you are not alone. Many Americans will petition for debt discharge through the courts this year, each with a unique set of circumstances — and each with unique concerns.
 

   My first priority is to determine your eligibility for debt relief by performing a review of your financial documentation. Many people find this portion of the process uncomfortable, but our office is here to help you.
 

  After a review of your financial documentation, I can discern how your economic situation is affected by the laws. For example:

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• Chapter 7 bankruptcy, which is known as “liquidation,” is designed for individuals who own very little in terms of property or other assets. Generally, nothing is liquidated since certain assets are protected from creditors in bankruptcy. It is the least complicated form of debt relief, and can be completed in as little as a few months.

• Chapter 13 bankruptcy, which is known as the “payment plan,” is designed for individuals who have equity in homes or other property that cannot be protected from creditors in Chapter 7 bankruptcy. Petitioners under the guidelines of Chapter 13 are provided with a three to five year period of monthly payments to pay down their debts. Only a small percentage of debt is often repaid in Chapter 13.

  As overwhelming as this situation may seem, the assistance of an experienced bankruptcy lawyer can see you through. I take pride in representing each client and treat each case individually. My office can evaluate your individual debt problems and help craft a solution that is right for you.