Kyle L. Mastro - Attorney at Law

Introduction: Bankruptcy offers an oppurtunity for clients to get a fresh start or a structured repayment, depending on the type of Bankruptcy. Chapter 7 Bankruptcy offers people suffering under oppressive credit cards, medical bills or personal loans to get free and clear from the debt. Basically we file documents with the federal court asserting your bankruptcy rights (known as a bankruptcy petition), the total process takes only a couple months and at the end of the process your debts are discharged, meaning there is an order from a federal judge that these debts cannot be collected. This includes any prior judgements that have been entered against you. All collection calls and letters will stop and it will give you a fresh start. A Chapter 13 Bankruptcy is a little different. This is primarily designed for people who have gotten behind on their property taxes or mortgage. Their property is in danger of being foreclosed upon and the mortgage company won't negotiate. A Chapter 13 stops the foreclosure and forces the mortgage company to enter a 5 year repayment plan. You will spend 5 years making monthly payments to the court, and at the end of the 5 years, your debt will be paid off. Chapter 13 is occasionally used by large income people, to force a repayment on unsecured debt. If you're suffering from debt collection, either harassing phone calls, lawsuits or foreclosure. Give my office a call - when you call you talk to ME, not a receptionist or an answering service. We'll have a confidential talk about your financial situation and I'll tell you your options.