Complete Bankruptcy Consultation And Representation
Excessive debt can take a toll on all areas of life. Bankruptcy can provide relief.
I have more than 40 years of experience helping people get relief from debt through bankruptcy. I will review your situation, advise you of your options and walk you through the process from start to finish.
Working with me, you will avoid the delays, headaches and missteps that can result from trying to navigate the process alone. I offer free initial consultations for you to learn more about how I can help.
What To Bring To Your Free Consultation
Please print and fill out the following forms that you will need to bring for your bankruptcy appointment:
Bankruptcy Overview: The General Process For Each Type
Below you will find general information about what happens in a bankruptcy case. Keep in mind that bankruptcy involves complex federal laws, policies, procedures, regulations and requirements. You may need to seek legal advice in addition to the information provided below. Debtors may choose the type of bankruptcy that best meets their individual needs. A debtor is required to include all debts in the filing of a bankruptcy petition.
Chapter 7 Bankruptcy
- A trustee is appointed to take over the debtor’s property
- Any nonexempt property of value will be sold or liquidated to pay the debts held by creditors
- The debtor may be able to keep certain personal items and certain real estate depending on the laws of the debtor’s state of residence
- State law does allow for the retention of certain items in a Chapter 7 bankruptcy under specific circumstances
- The debtor maybe able to reaffirm a debt.
Chapter 13 Bankruptcy
- A trustee is appointed to collect payments from the debtor
- The trustee will make payments to the debtor’s creditors
- The trustee will also ensure that the debtor is completing the terms of the bankruptcy repayment plan as confirmed
- A Chapter 13 Bankruptcy allows the debtor to retain their property
- The debtor must have a regular source of income
- The debtor must pay a specific portion of their income to creditors as required by the Court
- The Court must approve the debtor’s budget
Chapter 12 Bankruptcy
- A trustee is appointed to collect payments from the farmer/debtor
- The trustee will make payments to the farmer’s/debtor’s creditors
- The trustee will also ensure that the farmer/debtor is completing the terms of the bankruptcy repayment plan as confirmed
- A Chapter 12 Bankruptcy allows the farmer/debtor to retain their property
- The farmer/debtor must have a regular source of income
- The farmer/debtor must pay a specific portion of their income to creditors as required by the Court
- The Court must approve the farmer’s/debtor’s budget
Chapter 11 Bankruptcy
- The debtor may continue to operate their business
- The debtor’s creditors and the Court must approve a plan to repay the business’ debts
Bankruptcy law does allow for conversion from one type of bankruptcy chapter to another type of bankruptcy chapter if necessary.
The filing of a bankruptcy may be reported to the credit bureaus. A bankruptcy filing may appear on a credit report for as long as 10 years. Bankruptcy can impact a debtor’s ability to obtain credit in the future.
Learn More About Your Bankruptcy Options
My firm is a bankruptcy relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.