Bankruptcy

The Law Office of Kathryn D. Peters understands that we are currently living with an extremely tense and tumultuous financial economy. Whether you're facing a foreclosure or are overextended financially, our office can help with debt consolidation and start you on a path towards financial freedom. Contact Kathryn D. Peters, Attorney at Law, for help with debt relief.

secured creditors, lower interest rates, pay taxes, student loans, liquidation, child support, complete bankruptcy Declaring bankruptcy will stop:

IRS Garnishments
Foreclosures and Repossessions
Creditor Harassment
Law Suits

Bankruptcy law is often confusing. The Law Office of Kathryn D. Peters wants to help make the process hassle free. Below are some helpful answers to typical bankruptcy questions.

Q: What is the difference between Chapter 13 and Chapter 7?
Chapter 13 is a way to reorganize and pay a portion of your debt. Declaring Chapter 13 allows you to catch up on mortgage payments, car payments and provides a way to pay secured creditors in full up to the value of the collateral. In many cases, this payment may help lower the interest rate. Chapter 13 also helps to pay taxes and student loans in full without penalties and interest.

Chapter 7 is a complete bankruptcy and liquidation of your debts. Chapter 7 discharges all debts except those you reaffirm or are not dischargeable.

Debts that will not discharge in bankruptcy include:

Child support
Student loans
Taxes
Criminal fines or criminal restitution
Personal injuries as a result of drunken driving or drug abuse
Actions incurred by fraud

Please visit the FAQ page or contact Kathryn D. Peters for additional bankruptcy information. Remember, you must make an appointment with the office for
the initial return of the bankruptcy paperwork.

Notice: we have no control over the Trustees. All tax refunds are subject to be taken by the Trustees, even small amounts.