Chapter 7 Bankruptcy
Clear your unsecured debts and begin a new chapter with a clean financial slate.
Get a Fresh Start
Free Yourself From Financial Burden
A consumer bankruptcy can help a person by discharging debt or making a plan to repay debt. A bankruptcy begins with the filing of a petition by the debtor. Non-business bankruptcies are known as Chapter 7 bankruptcies or Chapter 13 bankruptcies.
Bankruptcies are powerful tools to navigate your debt problems. In the hands of a skilled bankruptcy lawyer, your life can obtain a fresh start and discharge some or all of your debt.
Talk to a Bankruptcy Lawyer
Chapter 7 Bankruptcy
A Chapter 7 bankruptcy wipes out (“discharges”) all unsecured debt. This includes credit card debt, medical bills, unsecured loans, and judgments. The debtor files the bankruptcy petition and, upon completion of the bankruptcy, has a new start — most all debt is discharged.
Mortgages, car loans, and certain matrimonial debt may not be discharged in most cases, but can be discharged in some cases. Certain judgments can be wiped out — even judgments that have been levied on real estate can be discharged in certain cases. High wage earners may be disqualified from using a Chapter 7 bankruptcy, and even some taxes may be discharged.
Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is utilized to work out deals on house mortgages so the debtor does not lose their home. Payment plans address a number of debt problems and may reduce the overall debt of the filing debtor. This bankruptcy can preserve the home as well as the debtor’s assets.
The choice of which bankruptcy to file, how to schedule the debt on a petition, what can be scheduled, and the entire approach to debt are important legal issues that an experienced bankruptcy lawyer can direct and manage during the pendency of the bankruptcy.
Fees & Costs
In a Chapter 7 bankruptcy, the debtor pays the attorney’s fees, filing costs, and certain other charges prior to filing. In a Chapter 13 bankruptcy, fees and costs may be deducted in part from the monthly payments of a plan which is submitted for approval and which discharges certain debts.
There are limitations on the filing of these bankruptcies. A skilled bankruptcy lawyer will advise you how to structure your bankruptcy and provide you with a plan of attack so the best outcome can be obtained. In some cases, student loans may be discharged.
How We Help You
Our Bankruptcy Services
Chapter 13 Bankruptcy
Keep your home and assets with a personalized, court-approved repayment plan.
Business Bankruptcy
Restructure or dissolve businesses effectively, including complex Chapter 11 matters.
Over 800 bankruptcies filed — and clients starting over.
We look forward to meeting you and discussing what a bankruptcy could do for you, from start to finish.