The purpose of bankruptcy is to give you a fresh start.

Overwhelmed? Your initial consultation is free.

If you are overwhelmed with debt, facing foreclosure, repossessions, liens, or garnishments, and tired of harassment from creditors and collection agencies, we can help. Bankruptcy provides a fresh start by reducing, restructuring and eliminating many kinds of debt while allowing you to retain most or all of your assets. Coltrane Grubbs Orenstein advises individuals and small businesses in financial distress about their rights under the Federal Bankruptcy Code. For bankruptcy related matters, we offer a free initial consultation with an attorney who will analyze the prospective client’s financial situation; advise on possible bankruptcy options, including Chapter 7 or Chapter 13, or if applicable, non-bankruptcy options; and provide information about the bankruptcy process, including, explanation of the credit counseling requirements, exemption laws, necessary paperwork and the required fees.

Filing for bankruptcy is a difficult decision. Coltrane Grubbs Orenstein strives to provide our clients with close personal attention throughout the whole bankruptcy process.

When Should I Consider Bankruptcy

When debt gets overwhelming, the worst thing you can do is nothing at all. You should seek out a bankruptcy attorney if you are facing a life crisis such as a job loss, illness, unemployment or other hardship that makes paying future bills impossible or unlikely. If your home is in foreclosure or you are behind on your car/house loan payments, you should talk to an attorney about your options. A bankruptcy attorney can educate you on how bankruptcy can stop harassment or annoyance from your creditors, who call your home or place of work on a regular basis. If you are facing a lawsuit or wage garnishment, or even if you are simply having a hard time paying your bills every month, please don’t just wait and see what happens.

5 Myths About Bankruptcy

  • Myth #1 Filing for Bankruptcy Makes Me a Bad Person

    In 2012, 1.1 million consumers filed bankruptcy petitions in the United States. Bankruptcy is a solution to help good people deal with bad times. Difficult life events like losing a job, dealing with a divorce, or facing a catastrophic medical expense can take its toll on your credit. Bankruptcy helps hardworking individuals deal with these difficulties.

  • Myth #2 – Filing for Bankruptcy Will Ruin My Credit

    Bankruptcy is the worst single thing you can do to your credit in the short-term. However, most people who are in a position to file for bankruptcy already have poor credit, so filing does not make things significantly worse. In fact, filing for bankruptcy discharges old debts, allowing you to rebuild your credit after your bankruptcy is discharged. In the long-term, bankruptcy can help you improve your credit, if you take your fresh start seriously.

  • Myth #3 – Everyone Will Know I Filed for Bankruptcy

    Bankruptcy is public record, but not one that is readily or frequently accessed by the general public. Newspapers in our area don’t report on individuals filing for bankruptcy, unless you are a celebrity or a prominent official. Most people will never know, unless you tell them.

  • Myth #4 – I Will Lose Everything I Own

    This is simply not true. In our state, you are permitted to protect your assets from the reach of your creditors in a bankruptcy, up to a certain value. This means that, in the vast majority of cases, you can keep all of your personal property despite filing for bankruptcy. There are always important exceptions that should be discussed with an attorney, but in many cases your assets are safer in a bankruptcy then they would be outside of a bankruptcy.

  • The Biggest Myth of All – Myth #5 – I Cannot Afford Bankruptcy

    People who file for bankruptcy typically can’t afford to spend their spare money on filing fees or attorney’s fees. Frequently, however, the prospect of bankruptcy will allow debtors to redirect their payments to help pay fees. In some cases, attorney’s fees can be paid through the life of the bankruptcy. Simply put, there are options out there to make a bankruptcy feasible, no matter your circumstance or situation. As many firms do, our firm provides flexible pre-bankruptcy payment options to help debtors afford the fees associated with bankruptcy.

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