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Wipe Out Overwhelming Debt With A Bankruptcy

If you were searching for bankruptcy attorneys and have made it this far, your next step is to contact Sioux Falls bankruptcy attorney Rob Meadors of Brende & Meadors, LLP. Attorney Meadors has helped his clients wipe out millions of dollars of debts owed to creditors for clients all across South Dakota.  We have handled cases in Sioux Falls, Pierre, Rapid City, Aberdeen and have clients from all towns all over South Dakota. 

Two questions are often asked about bankruptcy.  One is: “What type of people file bankruptcy?” The answer is all types of people.  People who have lost a job and now have fallen behind on their credit card bills or have incurred medical bills and cannot pay.  People who have gotten sued or have a judgment against them and now their wages are being garnished or have had their bank account cleaned out or people whose house is in foreclosure.  The other question is “Do I qualify for a bankruptcy?”  The short answer is yes.  Most everyone qualifies to file a bankruptcy.

If you find yourself asking these questions or facing these challenges, speaking to bankruptcy attorney Rob Meadors is your best option to figure out which type of bankruptcy is right for you and to get your life back on track.  Bankruptcy gives you the power to take control of your finances and get rid of bills you cannot pay.  There is no need to be embarrassed or worried, bankruptcy was created for you to use to get out of debt you cannot repay.  You are not alone if you face these challenges, nearly 3 bankruptcy cases are filed every day in South Dakota.

Which Type Of Bankruptcy Should I File?

There are four main chapters of bankruptcy.  Which type of bankruptcy is right for you takes careful consideration and analysis by a skilled bankruptcy attorney.  

  • Chapter 7.  A chapter 7 bankruptcy lets individuals wipe out their debt and move on with a fresh start. Credit card debt, medical bills, repossessed vehicles, payday loans, cash advances and other unsecured loans can all be wiped out in a chapter 7.  Usually you can keep all the property you own, get rid of unsecured debt and obligations and move on with life in a few months.
  • Chapter 13.  A chapter 13 bankruptcy lets individuals get out from under their debt while making some payments to creditors as party of the bankruptcy plan.  A chapter 13 also is designed to help if your home is in foreclosure as it can allow you to keep your home and catch up the payments you have missed.  There are other advantages of using a chapter 13 bankruptcy as well, like paying some of your attorney’s fees through the bankruptcy plan! 
  • Chapter 12.  A chapter 12 bankruptcy is for family farmers and ranchers.  We have helped farmers and ranchers restructure their debt all across South Dakota.  While a bankruptcy is an option, we also help farmers and ranchers work out of financial issues outside of bankruptcy.  Either way, it is your livelihood and it is important to us and we want to help you continue your operation.
  • Chapter 11.  A chapter 11 bankruptcy is generally for a business that needs to restructure its operation.  Chapter 11 is a powerful tool for a struggling business.  We have advised all types of businesses in South Dakota on best way to turn around the operation.  If your business is struggling with cash flow issues or creditors attempting to take your assets, call bankruptcy attorney Rob Meadors to discuss your next move.  

Talk To Our Bankruptcy Attorney To Take Your Next Step

No matter what issue you or your business face, a quick call to Rob Meadors will help you decide your next move. If you are considering filing bankruptcy and would like to discuss the specifics of your case, please call  our firm at 605-789-5102 or use our online intake form. Attorney Meadors will return calls and e-mails promptly as he knows how important it is for you to get the answers you need.

 

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