Our bankruptcy attorneys help individuals and businesses facing serious financial problems get a fresh start. Filing for bankruptcy immediately stops harassing phone calls from creditors. Bankruptcy may also eliminate the legal obligation to pay most or all of your debts; stop foreclosure on your residence and the repossession of your car; enable you to catch up on missed payments; and restore utilities and stop wage garnishment. If you are a profitable business experiencing temporary financial problems, we can help you reorganize your debts and stay in business. Our attorneys can represent you in filing bankruptcy petitions under chapters 7 (liquidation), 11 (business reorganization), and 13 (individual reorganization) of the Bankruptcy Code.
AS PART OF OUR BANKRUPTCY PRACTICE, WE REPRESENT CLIENTS IN MATTERS INVOLVING:
- Stopping collection actions—Happens via automatic stay as soon as petition filed.
- Stopping wage garnishments—Ideally you stop wage garnishment by filing before it begins. But if your wages are already being garnished, you can stop the process after filing.
- Stopping lawsuits—Happens via automatic stay as soon as petition filed; refers to lawsuits seeking collections or damages.
- Eliminating credit card debt, medical bills, and personal loans—Done via Chapters 7 and 13. But some debts (e.g., taxes, most student loans, child support) not dischargeable. Under Chapter 13, there are 3 and 5 year plans. Whatever debt is unpaid after the 3 or 5 years is discharged, provided all payments made under the plan.
- Stopping foreclosure and repossession proceedings—Done via automatic stay as soon as petition filed. In a Chapter 7, typically you may have to surrender the property; in a 13, you can catch up your arrears and keep.
- Reorganizing debts and staying in business—Done via automatic stay as soon as petition filed in Chapter 11; sole proprietors can do this in Chapter 13.
- Keeping business assets and paying creditors through a repayment plan—Done via automatic stay as soon as petition filed in Chapter 11; sole proprietors can do this in Chapter 13.
- Cramming down secured debts when the debt balance is higher than the value of the secured property—I’ve done this through Chapter 13s.