(605) 333-0070
brende and meadors llp attorneys sioux falls logo


Do You Qualify For Bankruptcy?

Consider bankruptcy when you can't meet your financial obligations. There are many situations in which you may qualify for bankruptcy, including:

  • You've been out of work for an extended period and have no unemployment income or savings
  • You owe delinquent taxes
  • You are a homeowner nearing foreclosure
  • Your debt has led to wage garnishment
  • You face pending lawsuits for delinquent bills

At Brende & Meadors LLP, we help individuals in Sioux Falls, South Dakota, determine which kind of bankruptcy is right for their situation.

The most common types of bankruptcy for individuals are Chapter 7 and Chapter 13. Chapter 7 bankruptcy liquidates all your nonexempt assets to pay off creditors. It is the best option when you have a lot of unsecured debt, like medical bills or credit card payments.

Chapter 13 bankruptcy reorganizes your debt using a repayment plan. You should choose this option if you have income, but want to avoid foreclosure on your home or need time to catch up on outstanding debts.

Contact Brende & Meadors For A Free Consultation

Bankruptcy laws help people who can no longer pay their creditors get a fresh start. Bankruptcy laws also help protect troubled businesses and provide for orderly distributions to business creditors. Our lawyers can help you find a solution.

Everyone's financial situation is different, so please seek the help of our firm to determine if bankruptcy is right for you. Schedule a free consultation with an attorney when dealing with serious, long-term personal debt, repossession and other financial issues. Call 605-333-0070 or send us an e-mail.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.