Bankruptcy allows you to eliminate your debt legally and permanently. For many of our clients, this can have the effect of providing a whole new start in life.
Chapter 7 and Chapter 13 are the two principal chapters of bankruptcy available to individuals and couples. Chapter 7 allows you to discharge most types of unsecured debt and usually takes three months from start to finish. Chapter 13 is available to higher income households or those who have missed mortgage payments. Chapter 11 can be used by both businesses and individuals seeking to reorganize their debts while continuing operations.
The United States Bankruptcy Code is complicated and constantly changing. If you are considering filing bankruptcy, call us to schedule a free consultation.