Bankruptcy Protection

Are you drowning in debt and not able to make even your minimum payments?

We understand your situation. We know every client’s financial situation is unique, and can be very scary to face alone. Our experienced bankruptcy attorneys are trained to listen to your concern’s, evaluate your current financial situation, then help you decide if bankruptcy is right for you. Our bankruptcy lawyers are well known experts in the field of bankruptcy. Because bankruptcy laws are always changing, it is important to hire a bankruptcy lawyer who not only knows all the bankruptcy rules and regulations, but also knows all the advantages of filing for personal bankruptcy. Here are just 5 things you should know about bankruptcy:

5 THINGS YOU NEED TO KNOW ABOUT FILING PERSONAL BANKRUPTCY:

TO SPEAK WITH A BANKRUPTCY ATTORNEY
Call 603-431-1993 or Set Up a Free Bankruptcy Consultation

If you are asking yourself any of these questions below,
you need to call us TODAY.

  • I KEEP PAYING MY MINIMUMS BUT MY BALANCE STAYS THE SAME?
  • WHAT CHAPTER BANKRUPTCY SHOULD I FILE?
  • WHAT ARE THE PROS AND CONS OF BANKRUPTCY?
  • CAN I KEEP MY HOUSE, AND CAR IF I FILE BANKRUPTCY?
  • WHAT ARE THE BENEFITS OF FILING CHAPTER 7 BANKRUPTCY?
  • WILL BANKRUPTCY STOP FORECLOSURE PROCEEDINGS?

At At Coughlin Rainboth Murphy and Lown., our bankruptcy attorneys, are always up to date on all the bankruptcy exemptions in New Hampshire and Maine. Our bankruptcy experts will not advise you to proceed with a bankruptcy until we can get all the facts. That is why we offer a FREE, fully confidential, bankruptcy consultation. In the meantime, if you have any questions please contact us by calling 1.866.529.3949 or feel free to browse our site.

What is Bankruptcy?

Bankruptcy is a federal law which allows consumers and businesses, to eliminate or reduce some or all of their debts. This process is performed under the protection of the federal bankruptcy code. Bankruptcies can be broken down into two basic groups. The first is Liquidation or Chapter 7 Bankruptcy which eliminates all unsecured debt. The second is, Reorganization of your debt or Chapter 13 Bankruptcy.

The bankruptcy process involves preparing a petition that is to be filed in federal court. The petition contains information concerning an individual’s assets, debts, creditors, monthly income, monthly expenses and financial information. This petition consists of many individual schedules that need to be filed, and should not be done without the help from an experienced attorney. The debtor must include all of its creditors in the petition. Upon the filing of a petition, the court grants the debtor with an automatic stay. The automatic stay stops your creditors from doing the following:

  • Attempting to collect money or obtain property,
  • Starting or continuing lawsuits or foreclosures,
  • Freezing bank accounts,
  • Garnishing wages,
  • Making threatening phone calls, or
  • Getting a judgement against you.

For a debtor that is married, it is not required that their spouse also file bankruptcy. Rather, any decision concerning a potential joint bankruptcy filing should be evaluated on the circumstances of a particular case at issue.

An individual’s bankruptcy filing can be reflected on their credit report for up to 7 years. That does not mean that you will not be able to obtain credit again. Many lenders in the credit card and mortgage industry do not automatically disqualify an applicant because they have previously filed bankruptcy. Also, if someone is behind on their bills their credit rating may already be poor.  Filing personal bankruptcy serves as an opportunity to eliminate debt, protect your home, car and other assets, while providing you a fresh financial start…

Click on the links below to learn more about the different types of bankruptcy:
Chapter 7 Bankruptcy
Chapter 11 Bankruptcy
Chapter 13 Bankruptcy

Contact Us

Please contact the bankruptcy attorneys of Coughlin Rainboth Murphy and Lown. at 877-LAW-3949 or CLICK HERE TO REQUEST A FREE BANKRUPTCY CONSULTATION and we will arrange for a CONFIDENTIAL and FREE CONSULTATION. Coughlin Rainboth Murphy and Lown. will not share this information with anyone.

For more information, refer to the Frequently Asked Questions about bankruptcy.