Breathe Again. Your Fresh Financial Future Starts Here
Bankruptcy is a legal device or procedure allowing an individual who cannot pay his creditors (bills, mortgages, credit cards, other loans) to get a fresh financial start. Once initiated by your attorney the bankruptcy process immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are assessed and sorted out according to the law.
This assessment and the guidance to you flowing from it is what make us of central importance.
Chapter 7 Bankruptcy
A Chapter 7 bankruptcy helps you remove your debts. In many Chapter 7 Bankruptcy cases, the debtor has a large debt along with other unsecured loans and generally very few assets to liquidate and repay those debts. In the vast majority of cases filing for bankruptcy under Chapter 7 allows the debtor to completely eliminate debts. To achieve this he appointed trustee collects and sells all of your non-exempt assets. As the trustee sells the available assets any amount exempted will be paid to you, the debtor. Further, the net proceeds obtained from the sale of the assets are distributed to your creditors. The trustee overseeing the distribution of assets will retain a commission for his work.
Our experienced attorneys will provide decisive help to you regarding overextended credit, lack of adequate insurance, marital problems, unemployment, large medical expenses, or plain out-of-control spending. Your financial freedom and future starts with your first call to us. Confidentiality, effectiveness, compassion and affordability form the grounds upon which we assist you with this process.
Chapter 11 Bankruptcy
Corporations, partnerships, and limited liability companies usually file for Chapter . However, bankruptcy. Our attorneys will draft and file for you a reorganization plan with the court, once the bankruptcy documents are filed. Further, our attorneys will help you write important documents which include the disclosure statement containing information about your assets, liabilities, and business affairs. Central to our work is the safeguarding your financial future.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy allows, among other legal requirements for designing of a repayment plan to your creditors as an offer to pay off all or part of the debt you owe. Chapter 13 could be used, under certain circumstances, to prevent foreclosure; make up for missed payments or pay back taxes and equally important prevent the accrual of interest on the debt owed. Through Chapter 13, one can reorganize offering a less emotionally charged atmosphere than within the dramatic Chapter 7 type of bankruptcy. Calling us and informing yourself during a free consultation is the first step toward your new, fresh financial start.