Bankruptcy Services
Bankruptcy - Debt Relief
Chapter 7
Are you having difficulty paying your bills? Do you have crippling credit card bills? A chapter 7 may be an option for you. Are you being sue for non-payment of a debt? Are you experiencing a wage garnishment or a repossession of your car? Chapter 7 may help you stop the collection actions against you. However, not everyone qualifies to file for chapter 7 bankruptcy relief. It is important to consult an experienced bankruptcy attorney to determine if a chapter 7 is right for you. A chapter 7 case is a liquidation or straight bankruptcy where your non-exempt assets will be liquated and the proceeds are distributed to your creditors. In most chapter 7 cases, there are no non-exempt assets available to be sold by a chapter 7 trustee. This is because there are laws that allow you to claim exemptions in connection with many assets. So, in a chapter 7, you can keep the assets you can exempt and receive a discharge of the debts that may be discharged in bankruptcy. A discharge would mean that you are not legally obligated to pay that debt.
Chapter 13
If your home is in foreclosure, a chapter 13 may help you keep your home. A chapter 13 case allows you to retain your assets while proposing a plan to pay back your creditors over a period of three to five years. In a chapter 13, you will be able to pay the mortgage lender the mortgage arrears through the plan. You may also seek a loan modification in the bankruptcy case. It is a reorganization intended only for individuals. So, if you are facing a foreclosure sale and the possibility of losing your home, the time to do something is now and a chapter 13 may help you save your home.
Chapter 11
A chapter 11 is a more complex reorganization proceeding that typically a business will utilize. A plan is proposed to pay creditors over a period a time. If you are a business experiencing finanical difficulties and need to rework your debt situation, a chapter 11 may be a viable option for you and may be just what your business needs to maintain operations. If you are a small business, there is a more affordable chapter 11 that you may qualify for called a subchapter v chapter 11. A reorganization may be exactly what your business needs.
Loan Modification And Foreclosure Defense
If you are facing a foreclosure or are in foreclosure, a loan modification may help you cure the arrears and save your home. Consult an attorney immediately to discuss your options and make sure you are defended against foreclosure.
Preference or Fraudulent Conveyance Litigation
If you are being sued in bankruptcy court in a preference action or a fraudulent conveyance action, you need to hire an attorney to defend you. Make sure you hire an attorney, like me, who has years of experience prosecuting and defending these types of lawsuits.
Consult A Bankruptcy Attorney
Request a Consultation
Meet Kimberly Berson and discuss your options with her. First, look at the blogs on this website and learn about bankruptcy. Any questions you may have, please consult her and talk to her. Whether you hire Kim as your counsel or not, she wants you to understand the bankruptcy process and feel comfortable about your decision to file.