The decision to file bankruptcy is not an easy one.
It will be one of the most difficult decisions of a persons financial life. Because this decision is such a major decision you should never choose a bankruptcy option without an in-depth consultation with an experienced bankruptcy attorney. Our attorneys will help you make the right choice for you and your family.
The first choice you will need to make is what chapter of bankruptcy is right for you and your circumstances. Just like every person is unique so are the factors that go into determining which chapter of bankruptcy fits your circumstance.
There are generally two chapter’s of consumer or individual bankruptcy. The Chapter 7 liquidation bankruptcy and the Chapter 13 individual debt reorganization plan, which is also called the wage earners bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code.
Questions we will discuss with you:
You will be asked to disclose all of your assets as well as their fair market value. State and federal law provide exemptions that will allow you to keep most of your assets up to a specific value. The Trustee appointed to your case may have the right to take possession of and sell the remaining property that is not exempt or otherwise pledged and use the sale proceeds to pay your creditors.