Which Bankruptcy Option Is Right for You?
Call Daryle A. Walker, Attorney at Law, any time to schedule an appointment. 843-357-8530.
Daryle A. Walker, Attorney at Law, provides discreet and compassionate bankruptcy representation to clients in the Conway, SC area who have been overwhelmed by debt. With over 35 years of proven experience, Daryle has helped many choose the best solution (Chapter 7 or Chapter 13 bankruptcy) for their financial recovery.
Facing debt alone is exhausting, especially when you’re not sure where to turn or who to trust. It’s natural to feel anxious about the future when you can’t pay the bills, threats of foreclosure loom, and harassment from creditors threaten your security. It can leave you with questions like:
Is bankruptcy the right step?
What will I lose?
Will things ever get better?
The truth is, you don’t have to face debt problems alone.
A qualified bankruptcy attorney provides clarity and hope. An experienced lawyer will evaluate the full scope of your financial picture, guide you through effective solutions, help you to avoid pitfalls, and provide lasting solutions. The right legal guidance and representation will protect your income, assets, and your hope for the future.
Daryle A. Walker, Attorney at Law, with over 35 years of experience, has helped hundreds of individuals and business owners in Conway, SC, climb out of debt. Daryle offers compassionate, confident guidance tailored to your situation – without pressure or judgement.
Contact the law office of Daryle Walker for your free initial consultation!
Bankruptcy Options That Provide Real Debt Relief
Individuals and businesses can find relief from overwhelming debt with Chapter 7 and Chapter 13 bankruptcy. The type you choose will depend on your situation, income, assets, and financial goals.
Daryle A. Walker will clearly explain your options and formulate a plan that supports your long-term financial recovery. Whether you’re trying to stop a foreclosure, clear credit card debt, or restructure business obligations, you don’t have to face it alone.
As a highly experienced and proven Conway bankruptcy attorney, Daryle provides personalized legal strategies to handle financial difficulties. Every case is handled carefully and thoroughly with a commitment to doing what’s right for you.
Let’s step forward together for a stronger financial future.
Chapter 7 Bankruptcy
Chapter 7 bankruptcies, sometimes referred to as liquidation bankruptcy, offer individuals a financial “re-start” by eliminating unsecured debts like credit cards, personal loans, and medical bills. This type of bankruptcy does not mean you lose everything; it’s structured for those with limited income and few assets who are unable to pay basic living expenses. It can give you financial relief and end creditor harassment, wage garnishments, and lawsuits once filed.
Chapter 7 Benefits:
- Discharges most unsecured debts
- No repayment plan
- No limit on debt amount
- Keep future income
For those who are overwhelmed with debt in Conway, Chapter 7 could be the solution you need to move forward debt-free.
Qualifications:
Qualified clients must pass a means test, validating that their income falls below the median income for their family size in Conway, SC. Daryle A. Walker’s expertise with Chapter 7 bankruptcy will prove to be invaluable. Contact 843-357-8530 to schedule your free initial consultation.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy can be considered a “wage earner’s plan” because those with a steady income can pay off debts with a restructured payment plan over a 3 to 5-year period. This plan allows you to catch up on missed payments for mortgages, car loans, and taxes without losing your assets.
Unlike Chapter 7, Chapter 13 does not require selling off property. Instead, your debts are reorganized into an affordable monthly payment and are governed by the bankruptcy court. Creditors cannot harass you during the pay-off period, and foreclosure proceedings can be halted.
Chapter 13 is designed for homeowners who are behind on mortgage payments, Individuals with valuable Property they wish to keep, and for those who don’t qualify for Chapter 7 based on income.
For the right situation, Chapter 13 can provide opportunities to settle some tax obligations, restructure auto loans, and even reduce the amount owed on some secured debts.
Daryle A. Walker will comprehensively evaluate your finances and help you determine if Chapter 13 is the best solution for you. For over 35 years, he has served Conway residents with legal expertise and a steady, confident presence during a difficult time.
Chapter 13 Benefits:
- Prevent home foreclosure
- Restructure secured debts
- Protects co-signers
- May improve long-term credit
- Acts like a consolidation loan
- Communication is managed by the court trustee
Qualifications:
Qualification requires a steady income, debt within legal limits, and completion of a credit counseling course through a government-approved organization.
Business Bankruptcy Services
Business bankruptcy is not always about shutting operations down. With an experienced attorney, your debt can be restructured to protect essential assets, or you could wind down operations in a controlled and legally sound manner.
Depending on your circumstances, you may be eligible to file under Chapter 7 or Chapter 13, as each offers different forms of resolution. Conway-area business owners who are looking for practical, confidential, and affordable legal support can rely on Daryle A. Walker for a debt relief solution that will be in their best interest.
You’ve worked hard to build your business – let’s explore a strategy to protect what matters.