YOUR SITUATION IS NOT UNIQUE
The majority of our clients never dreamed they would be forced to seek this type of relief. In fact, most of our clients are hardworking individuals who have been economically responsible with their financial obligations. It is usually an unexpected change of life event such as an economic downturn, layoff or illness which renders them unable to meet their financial obligations.
YOUR ENTITLED TO HELP
We can help you get back on your feet by eliminating the burden of mounting debts.
Chapter 7 Bankruptcy is commonly known as liquidating bankruptcy. Almost all of an individual’s debts are eliminated in Chapter 7 bankruptcy; however, if individuals have unprotected assets, they become property of the bankruptcy estate upon initiating a Chapter 7 case and can be collected and sold by the Bankruptcy Trustee to pay an individual’s creditors.
Chapter 11 is usually for reorganizing of businesses and personal debts greater than the debt limits allowed for chapter 13, we can help you under Chapter 11
Chapter 13 allows individuals with higher income to file for bankruptcy and discharge some debts. Unlike chapter 7, you make monthly payments to a trustee under a plan. The plan period can range from 3 years to 5 years. You are able to keep your property in chapter 13, even if you’d lose it in chapter 7. This process helps you reorganize your debts and stop accruing interest and penalties to restore your financial security