Bankruptcy Law*

When debt collectors or credit card companies need legal advice, you can be sure that they will consult attorneys who are familiar with this area of law, and will represent them aggressively. Individuals and small businesses with debt problems should consult an experienced bankruptcy lawyer. Problems ranging from credit card debt and collection lawsuits to business reorganization may be dealt with through the bankruptcy code.

An individual seeking advice from a bankruptcy attorney should expect to receive a thorough review of his or her financial situation, and learn what their options are, either in or out of bankruptcy. What to do about debt problems.

Your bankruptcy lawyer will explain to you some of the things that bankruptcy can accomplish for you, including:
· Discharge your debts, such as credit card bills
· Prevent mortgage foreclosures or vehicle repossessions, giving you an opportunity to get caught up on your payments
· Stop a Sheriff’s Sale
· Deal with Lawsuits or Utility Shutoffs

The Bankruptcy Code is designed to give honest debtors a fresh start. It is not a remedy for every situation, but it can help. In the short-term, you can stop lawsuits from proceeding, and end creditor harassment. On a longer term basis, the goal of filing a bankruptcy petition is to either restructure your debt, or obtain a discharge.

There are several types, or chapters which can be filed. What Chapter Should I File

A Chapter 7 Bankruptcy can eliminate unsecured loans, such as credit card debt, personal loans, and medical bills.

In a Chapter 13 Bankruptcy, a plan can be proposed to get caught up on your mortgage, and avoid foreclosure. Bankruptcies are often filed in order to eliminate credit card debt, or deal with lawsuits.

Business bankruptcies can help small businesses using either a Chapter 11 or Chapter 13 Bankruptcy to remain in business, while restructuring their debt. Chapter 12 provides special protections for Family Farmers.

For more information, see: Myths About Bankruptcy, Obtaining Credit After Bankruptcy, Bankruptcy Paperwork, and Bankruptcy Fraud

Before a Bankruptcy Petition can be filed, a Credit Counseling course must be completed:  Credit Counseling Providers

Although it is possible to file without an attorney, most persons will want to be represented by an experienced bankruptcy attorney: Do I need an Attorney?

* We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.