Bankruptcy

There are times when people and businesses can find themselves in financial hardship – spiraling debit, looming foreclosure, creditor harassment. If this is the case, bankruptcy may be an option for you. One way to find out is to talk to one our experienced bankruptcy attorneys at no charge. They will take the time to listen to your particular situation and tell you the options you have.

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is the most comprehensive overhaul of the US Bankruptcy Code in the last 25 years. It has changed much about the practice of bankruptcy. Not the least of these changes is the requirement of “means testing.” Each person who files consumer bankruptcy must now complete a “means test” to determine if he or she will be allowed to file a Chapter 7 Bankruptcy. Our attorneys will sit down with you without charge to explain your rights under the bankruptcy code, and how the new changes will affect you.

More important, we will spend time listening to the facts in your case to understand the uniqueness of your particular case. This is the personal touch for which big firms don’t have time, and for which small firms don’t have the experience. Bankruptcy is not a one-size-fits-all proposition. A strong knowledge of your case can often make the difference between a Chapter 7 and a Chapter 13 filing; or between a successful filing, and a case failing to be discharged.

There are three major types of bankruptcy filings – Chapter 7, Chapter 11 and Chapter 13.

• A Chapter 7 Bankruptcy is known as a “consumer liquidation bankruptcy.”
• A Chapter 11 Bankruptcy allows business, and sometimes individuals, to reorganize their debts.
• A Chapter 13 Bankruptcy is sometimes known as “consumer reorganization.”

Bankruptcy is not an easy decision. No one should file a bankruptcy without serious deliberation. But if you find yourself in a financial hole you are unable to climb out of, there is no charge to discuss the possibility of filing.