Bankruptcy filings have skyrocketed in the U.S. over that last 3 years. There are many consumers who file because they are not aware of bankruptcy alternatives. At NCRB, we will analyze the situation and educate the consumer on all debt relief options. There are 2 forms of Bankruptcy, chapter 7 & 13.

The option of Bankruptcy is the last option NCRB will suggest to consumers. This is when you cannot afford to negotiate any debt, make any payments towards your creditors, and have no other choice. Although we are not attorneys, we can educate and explain the basic differences so that a client can make an informed decision if this is the path they choose.

Once a client has decided that Bankruptcy is the best route to take, NCRB will refer the client to a nationwide law firm so that they may proceed with the legal filings.

• They require you to retain legal council at an average fee of $1500.
• Both cases can be filed by either individuals or married couples (joint cases).
• Ineligible joint cases are: a live-in mate, roommate, mother, sister etc., even if there is joint debt.
• Both cases require the Debtor to provide the necessary information to prepare and complete the petition and related paperwork.
• Both cases can address law suits, judgments and garnishments, in order to prevent or stop creditor action and reduce or eliminate the amount for repayment.
• Both cases require at least one Court appearance with proper documentation to establish identity.
• Both cases require full and complete participation by the Debtor, including compliance with all the rules and regulations which govern bankruptcy cases, for successful completion.
• A bankruptcy appointed judge has final approval.
• They both report on credit for up to 10 years.
• Both chapters are a public record.