Helping Louisiana Clients Find A Fresh Start

If you are being harassed by creditors or are worried about losing your home, your wages are being garnished or you simply can’t make ends meet anymore, filing bankruptcy can be a more powerful weapon in your d

efense.

At the Houma law firm of Damon J. Baldone & Associates, we can help you take full advantage of your debt relief options. Our Houma bankruptcy attorney counsels and represents clients throughout Louisiana.

Chapter 7 Bankruptcy

This is the most popular type of bankruptcy because it allows you to erase all of your unsecured debts and receive an “automatic stay” against collection actions and lawsuits. Its benefits include:

  • Eliminating credit card debts, medical bills, and more
  • Temporarily halting home foreclosures
  • Stopping Creditor harassment
  • Stopping wage garnishments

Chapter 13 Bankruptcy

This kind of bankruptcy allows you to create a structured, interest-free repayment plan to repay some or all of your debts over a three- to five- year period. Like Chapter 7, filing for Chapter 13 bankruptcy will put an automatic stay into effect, halting wage garnishments, credit card harassment and collection actions in their tracks. In addition, Chapter 13 may allow you to:

  • Strip off and eliminate junior mortgages such as home equity lines of credit
  • Reduce car payments and avoid car repossession
  • Keep nonexempt property that would be liquidated under Chapter 7
  • repay outstanding tax debts without interest

Chapter 11 Bankruptcy

This bankruptcy chapter is designed with business in mind. It contains complex provisions intended to create a reorganization plan for debts. If you are a business owner, we can advise you about the pros and cons of Chapter 11 and assist you as necessary.