What Is Bankruptcy?

Bankruptcy Is a Legal Remedy to Alleviate the Stress of Too Much Debt

Bankruptcy Is a Legal Remedy to Alleviate the Stress of Too Much Debt!

Bankruptcy is Your Legal Right

Bankruptcy is governed by federal law. The filing of bankruptcy begins a legal proceeding which allows a debtor who is unable to repay outstanding debt to restructure or sometimes be forgiven of their debt.

Filing for bankruptcy allows hardworking people to obtain relief from overwhelming debt. It is not a one size fits all solution as there are types of bankruptcies to deal with various situations. Some types of bankruptcy will erase all debt while other types allow for a restructuring of debt so that it is more affordable and they can pay off their obligations while still making ends meet. Your individual circumstances will determine what is best for your situation.

It is important you have experienced representation on your side.

You need to share the entire financial picture with your attorney and make sure you trust one that is experienced in the various facets of bankruptcy law. Thomas R. Betker has helped thousands of people just like you file for bankruptcy. This level of experience has given him the knowledge and attention to detail that many other law firms may not have.

Call today to schedule an appointment to see if working with Attorney Betker makes sense for your situation.

Every case is unique, so every issue needs to be looked at differently. Thomas Betker is willing to sit down with you for a FREE bankruptcy evaluation. He will help determine what will be most beneficial in your situation to protect your house, your car and more.

It's possible to settle for less than what's owed. Let us help.

Call us at

269-983-5777 to learn more about bankruptcy.

Call today to schedule an appointment to see if working with Attorney Betker makes sense for your situation.

Betker Bankruptcy Law accepts walk-ins.

Bankruptcy Myths

Everyone will know I filed for bankruptcy!
Most likely they’ll only know if you tell them. Filing for bankruptcy is a matter of public record, however, the number of filings is huge. Unless someone is trying to track down information on you specifically there’s little chance they’ll ever know you filed.
I’ll never be able to own anything again!
No one will keep you from owning anything, ever. If you can afford to buy something you can buy it.
I’ll never get financed for anything! Not a house, not a car, nothing!
Bankruptcy does stay on your credit record for up to 10 years. That is true. However, creditors know you cannot file again for 8 years as well. They also know that you are no longer drowning in debt so chances are you are better able to afford financing. I have seen credit scores go up by 50 – 100 points or more within a year of filing for bankruptcy.
It’s really hard to file for bankruptcy.
Everything is really hard if you don’t have experience doing it. That is why you hire an experienced attorney who has handled thousands of bankruptcies. That way he’ll know the best way to handle your unique situation and make sure everything is done the way it is supposed to be.
Only deadbeats file for bankruptcy.
This is such a misconception. I have worked with highly respectable people who are kind, generous and highly responsible but they’ve gotten in over their heads. Sometimes just a medical issue is enough to send someone into unrecoverable debt. It is not always the irresponsible who need help. It is the responsible ones who have had a run of bad luck and need a fresh start that I see most frequently.
You can only file once for Bankruptcy protection.
There is no limit to the number of times in one’s life they can file for bankruptcy. Under the law, an individual can file again 8 years after receiving a Chapter 7 Bankruptcy discharge. In some cases, depending on what type of discharge you have had, you can file sooner than 8 years.

What to Bring to Your First Appointment

Driver’s license or government identification

Social Security card

List of ALL DEBTS

Approximate balance owed on home and auto loans and amount of monthly payment

Recent / normal pay stub. If your most recent pay stub shows more or less hours than usual bring others to show an accurate income picture.

Recent property tax bill for real estate

Prior year tax return or W-2 form

Bring what you can. We will discuss your situation at the time of our free consultation, but we can be more specific with our advice if we know the big picture.

We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code.”

Disclaimer: This website provides general information on bankruptcy as a public service. The information is intended - but not promised or guaranteed - to be current and correct. The content of the website should be construed only as advertising, and no attorney / client relationship is created by viewing the contents of this website, by filling out and submitting any contact forms or by requesting a free case evaluation.