Marion Personal Bankruptcy Attorneys

When debt gets out of hand, as it does for so many people in the Marion area, personal bankruptcy becomes a viable option. The Marion personal bankruptcy attorneys of Hong Law, PLC, know that bankruptcy has suffered from a bad reputation in the past, but this process may be the solution that many people struggling to cope with their personal finances need. Knowing more about your options and about how the bankruptcy process works may help Marion residents make an informed decision that could save their financial futures.

Getting Help Through Personal Bankruptcy

When a person decides to file for personal bankruptcy, there are two primary options. These options include:

• Chapter 13 Bankruptcy
• Chapter 7 Bankruptcy

There are subtle differences between Chapter 7 and Chapter 13 bankruptcy, but the most important one to remember is that Chapter 13 avoids asset liquidation while asset liquidation is included in Chapter 7. For more details on which process you qualify for and what they entail, an experienced Marion personal bankruptcy lawyer can answer your questions.

Contact a Personal Bankruptcy Attorney in Marion

If you or someone you love is going through trying financial times, it may be the right moment to consider the benefits of personal bankruptcy. The Marion personal bankruptcy attorneys of Hong Law, PLC, can help Marion residents evaluate their options for bankruptcy, as well as answer any questions that they have about the process or its effects. Learn more about how bankruptcy can help you start anew by calling our offices at (319) 294-5853 today.