
Rhode Island Chapter 7 & 13 Bankruptcy Lawyer

Rhode Island Attorney Helping Debtors Get a Fresh Start
If you are mired in debt and receiving constant calls from creditors, you are likely under a great deal of pressure and searching for solutions. Bankruptcy is a tool that may allow you to find relief from financial stress. When it is used...Learn More
If you are mired in debt and receiving constant calls from creditors, you are likely under a great deal of pressure and searching for solutions. Bankruptcy is a tool that may allow you to find relief from financial stress. When it is used appropriately, it can be a strategic maneuver that allows you to regain control of your life. In addition to getting rid of your debt, it can potentially help you stop a foreclosure of your home and save other assets. Rhode Island bankruptcy lawyer Stephen P. Levesque is dedicated to assisting people with finding the light at the end of their financial tunnel. There is life after bankruptcy. Most clients tell Stephen that their credit scores rise over 700 in one year. We help clients during what may be the most stressful period of their lives.

Chapter 7 Bankruptcy
Chapter 7 bankruptcy gives you a chance to shed debt and get a fresh start. It provides protection against certain debts, such as credit card debts, medical bills, repossessions, personal loans, and other consumer debts. In exchange for getting...Learn More
Chapter 7 bankruptcy gives you a chance to shed debt and get a fresh start. It provides protection against certain debts, such as credit card debts, medical bills, repossessions, personal loans, and other consumer debts. In exchange for getting these types of debts forgiven, you will likely need to liquidate assets. Certain debts may not be discharged, such as child support payments, alimony payments, and some tax debts. When you file for Chapter 7 bankruptcy, an automatic stay of debt collection efforts goes into effect. This means that your creditors must stop harassing phone calls, and other collection methods must also cease until the stay is lifted.
In this type of bankruptcy, also known as liquidation bankruptcy, the bankruptcy trustee sells your non-exempt property and distributes it. Each state has its own exemptions for property, and there are also federal exemptions that allow you to keep certain property. Exemptions can cover a certain amount of property, and there are also wild card exemptions that can apply to any property. The wild card exemption can be divided to protect several items or stacked on one asset. In Rhode Island, there is a $6,500 wild card exemption. A bankruptcy attorney can advise Rhode Island residents on how to best apply their exemptions.
In order to qualify for Chapter 7 bankruptcy, you need to pass a means test. The means test looks at your income, expenses, and family size to figure out whether you have sufficient disposable income to repay your debts. It is meant to limit the number of people who file for Chapter 7 bankruptcy. People who earn more than the median income in Rhode Island will not be able to file for Chapter 7 bankruptcy.

Chapter 13 Bankruptcy
Chapter 13 bankruptcy also offers tools to help debtors retain certain assets, such as their home or vehicle. Using these tools, you may be able to protect your home against a foreclosure, retain any valuables and other assets, catch up on missed...Learn More
Chapter 13 bankruptcy also offers tools to help debtors retain certain assets, such as their home or vehicle. Using these tools, you may be able to protect your home against a foreclosure, retain any valuables and other assets, catch up on missed mortgage or vehicle payments, and strip junior liens from your home or other property.
If you do not pass the means test, you may be able to file for Chapter 13 bankruptcy, which is known as reorganization bankruptcy. It is set up for people who earn income but have accumulated more debt than they can pay off. With this type of bankruptcy, an automatic stay of debt collection efforts goes into effect. You will have a fixed monthly debt payment plan based on your income, and you will repay part of your debts through this installment plan for 3-5 years. If you successfully complete the plan, the remainder of your debt is discharged. Our Rhode Island bankruptcy attorney can help you devise a plan that is appropriate for your situation.

Retain a Seasoned Bankruptcy Attorney
A debtor should file for bankruptcy only after carefully considering their options. Stephen P. Levesque can explain the differences between bankruptcy chapters and describe the various paths available to you, considering your finances, your credit...Learn More
A debtor should file for bankruptcy only after carefully considering their options. Stephen P. Levesque can explain the differences between bankruptcy chapters and describe the various paths available to you, considering your finances, your credit score, and other factors. Many of our clients have seen improvement to their credit scores and have bought new vehicles and rented new homes after emerging from this process. Based in Cranston, we represent people throughout the Washington County, Kent County, and Providence County areas. Stephen P. Levesque is the Host of the weekly talk show Legal Tips every Sunday on 630 WPRO. Call the Law Offices of Stephen P. Levesque at (401) 490-4900 or contact us through our website to set up an appointment with a bankruptcy lawyer in Rhode Island.
Bankruptcy Solutions
Eliminate All Types of Debt
Chapter 7 & Chapter 13 personal bankruptcy can eliminate overwhelming debt. Debts can include credit card debt, bank loans, medical bills, most court judgments, and deficiencies on repossessed vehicles. When you speak to a bankruptcy lawyer at the RI Bankruptcy Center, we will let you know what you qualify for and discuss all of your options.
Cancel Garnishments
By law, most actions (court cases) against you must cease once a Chapter 7 or Chapter 13 personal bankruptcy has been filed. Creditors cannot initiate or continue lawsuits, wage garnishments, or even make telephone calls demanding payments. RI Bankruptcy Center will act quickly to file your bankruptcy petition, stop the phone calls and lift any burdensome garnishments.
Rebuild Your Credit
Most folks are able to keep your car, house and other personal belongings when filing for Chapter 7 or Chapter 13 personal bankruptcy. When you work with RI Bankruptcy Center, our personal bankruptcy attorneys will help you retain your assets and show you what steps to take following your bankruptcy so that you can quickly get back on your feet. You may also begin to rebuild your credit immediately after buy a car within a year and a house after 3 years.