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Bankruptcy Services

Chapter 7

Rhode Island Bankruptcy Filings: A Solution for Eliminating Debts

A bankruptcy filing in Rhode Island can provide relief from a variety of debts. Through a Chapter 7 filing, it may be possible to have certain debts discharged completely, including:

  • Credit card debt
  • Utility bills such as electricity, gas, cable, etc.
  • Medical, dental, and vision bills
  • Personal loans (like debt consolidation and payday loans) and unsecured bank loans
  • Remaining obligations on a repossessed vehicle
  • Remaining obligations on a foreclosed home

However, it is important to note that certain debts are generally not eligible for discharge, such as child support obligations, recent taxes, and student loans. Despite this, there may be circumstances where even student loans can be discharged if the individual can demonstrate that the debts cause an undue hardship.

If you are seeking debt relief and considering a bankruptcy filing in Rhode Island, it is crucial to understand the eligibility of your debts for discharge and to work with a knowledgeable and experienced attorney to navigate the process. A successful bankruptcy filing can help you get back on the path to financial stability.

Chapter 13

Chapter 13 Bankruptcy: A Solution for Saving Your Home and/or Vehicle

For some individuals, a Chapter 13 bankruptcy may be the best option for addressing their financial challenges. This form of bankruptcy provides a means of stopping the foreclosure of your home, or repossession of your vehicle by giving you time (up to 60 months) to cure the existing payment default.

Chapter 13 bankruptcy offers a number of benefits for individuals facing financial difficulties. By allowing for partial repayment of debts, it enables individuals to catch up on missed payments and retain assets that might otherwise be lost in a Chapter 7 filing. Additionally, Chapter 13 provides a structured payment plan that can be tailored to the individual’s financial situation, which can make it easier to manage debts over time.

While the process of filing for Chapter 13 bankruptcy can be complex and overwhelming, it is important to remember that it is a legal option designed to help individuals get back on their feet. By working with an experienced bankruptcy attorney, individuals can navigate the process and obtain the financial relief they need to move forward.

If you are facing financial difficulties and are considering Chapter 13 bankruptcy as an option, it is essential to seek the guidance of a knowledgeable and experienced attorney. With their help, you can determine whether this form of bankruptcy is right for you and take the necessary steps to regain control of your finances and secure a brighter financial future.