If you cannot repay your outstanding debts, bankruptcy may be the fresh start you need.
By forgiving debts that cannot be paid through the liquidation of assets, bankruptcy can save your home or business—and your ability to function financially.
When to consider clearing the slate ?
Bankruptcy is a legal right under Article 1, section 8 of the United States constitution which gives Congress the power to enact “uniform laws on the subject of bankruptcies.” For individuals who no longer possess the means to repay their debts, bankruptcy can provide a way back to financial stability. By selling assets to cover a portion of your debts and discharging your obligation for debts you cannot repay, you can turn a new financial page and rebuild your life more positively.
Although the complexity of the process prevents many from choosing this option, experienced lawyers can bring cases to a quick conclusion and set your credit on a road to recovery. Filing for bankruptcy also means an end to lawsuits and harassment from creditors, and does not always require the sale of personal property.
When should you file for bankruptcy?
The decision to file for bankruptcy is not to be taken lightly. Deciding whether to go ahead with it will have consequences on your financial health and lower your credit score significantly. For this and other reasons it is often considered a last resort. In order to make that decision you need some counseling that takes into account your individual case.
Our attorneys will steward
the process and help you in:
We will guide you in filing under Chapter 7, 11, or 13 for a personal bankruptcy, and under Chapter 7 or 11 for a business bankruptcy. Our team will assist with reorganization plans, bankruptcy litigation, and out-of-court restructuring. We also help lenders, creditors, and creditor committees to recover their dues when debtors file for bankruptcy, and represent assignees, examiners, receivers, trustees, and buyers of distressed assets and properties so we are intimately familiar with both sides of the bankruptcy equation which helps us service you better.
Our lawyers handle all paperwork from start to finish, advise on particular difficulties and risks, and represent clients at all hearings. Most of all, we strive to make what might otherwise be a daunting process, as smooth and straightforward as possible for you..