We advise individuals and business dealing with financial difficulties. Bankruptcy can be a lifeline to those who are facing large medical expenses, foreclosures, repossessions, tax liens levies or have found themselves unable to pay their monthly expenses. Bankruptcy may or may not be the right option for you or your business. Only a legal professional can help you make that determination. The two most common types of bankruptcy filings are Chapter 7 and Chapter 13.
Chapter 7 Bankruptcy is the most common type of consumer bankruptcy for individuals with few assets which results in unsecured debts being fully discharged. In Chapter 13 bankruptcy you commit to a repayment plan over 3 to 5 years to repay your debt. This is unlike Chapter 7 bankruptcy in which your unsecured debts are discharged. With Chapter 13 bankruptcy, you are able to keep most of your property while getting relief from your debt.
Regardless of the type of bankruptcy filing it can result in the client being able to significantly reduce debt, stop creditor harassment, stop a home foreclosure and stop your bank accounts from being frozen amongst other potential benefits.
Our attorneys look forward to reviewing the facts of your case to help you make an informed decision about bankruptcy. People who visit our office often express a significant sense of relief. They frequently discover debt relief is available and that concerns they had about bankruptcy were unnecessary. They realize that bankruptcy may provide a solution to the financial challenges they face, and they feel a renewed sense of hope.