Rhode Island Bankruptcy Attorney: Regain Financial Control

Financial hardships can affect anyone, often arriving unexpectedly. Mounting debt, constant creditor harassment, and the risk of foreclosure can create overwhelming stress. If you're struggling financially, consulting a skilled Rhode Island bankruptcy attorney can help you regain control and start fresh. With expertise in bankruptcy law, we provide compassionate and effective legal solutions tailored to your unique financial situation.

Why Consider Bankruptcy?

Bankruptcy is not a sign of failure but a legal tool designed to help individuals and businesses manage debt and achieve financial stability. Common reasons this option may be beneficial include job loss, medical expenses, divorce, excessive credit card debt, or business downturns.


Types of Bankruptcy

Chapter 7 Bankruptcy (Liquidation)

  • Best for individuals with limited income and high unsecured debt.
  • Discharges most debts, including credit card balances, medical bills, and personal loans.
  • Fast process, typically completed within 3-6 months.

Chapter 13 Bankruptcy (Repayment Plan)

  • Ideal for those with regular income who want to retain assets.
  • Establishes a structured repayment plan over 3-5 years.
  • Stops foreclosure and allows you to catch up on missed mortgage payments.


How We Can Help

  • Free Consultation: We assess your financial situation and explore available options.
  • Comprehensive Case Management: From filing paperwork to court representation, we handle every step.
  • Creditor Protection: Filing for bankruptcy triggers an automatic stay, halting creditor harassment immediately.


Chapter 7 Bankruptcy: A Fresh Start

When debt becomes overwhelming, Chapter 7 bankruptcy offers a legal solution to eliminate most unsecured debts, such as credit card balances, medical bills, personal loans, and utility bills. While some non-exempt assets may be liquidated, most filers retain the majority of their property due to Rhode Island’s exemption laws.

Eligibility for Chapter 7

To qualify, individuals must pass a means test that compares their income to the median household income in Rhode Island. Those below the threshold typically qualify for Chapter 7 relief.

Benefits of Chapter 7 Bankruptcy

  • Quick Debt Relief: Most cases are resolved within a few months.
  • Immediate Creditor Protection: Stops collection calls, wage garnishments, and lawsuits.
  • Debt Discharge: Provides a clean slate by eliminating most unsecured debts.


The Chapter 7 Process

  • Consultation: We evaluate your financial situation and determine eligibility.
  • Filing: Our attorneys handle all court paperwork and filings.
  • Meeting of Creditors: We prepare you for this brief meeting to ensure a smooth process.
  • Debt Discharge: Within a few months, most debts are eliminated, giving you a fresh financial start.


Legal Services in Rhode Island

In addition to bankruptcy, we provide comprehensive legal services, including:

  • Family Law: Divorce, child custody, and support matters.
  • Criminal Defense: Representation for DUI, drug charges, and more.
  • Estate Planning: Wills, trusts, and probate services.
  • Real Estate Law: Property transactions, landlord-tenant disputes, and zoning issues.


Why Choose Us?

  • Experienced Attorneys: We have successfully guided countless clients through bankruptcy and other legal challenges.
  • Personalized Service: Every case is unique, and we tailor our approach to fit your needs.
  • Clear Communication: We keep you informed throughout the legal process.

 

Take Control of Your Financial Future

If you're overwhelmed by debt, don’t wait. Contact Rego & Rego Law today to consult with an experienced Rhode Island bankruptcy attorney. Let us help you find the best path to financial stability and peace of mind.

Location: Rhode Island, USA

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