Are you considering bankruptcy?
There are many forms of bankruptcy to consider depending on your particular situation. Our firm specializes in Chapter 7 Bankruptcy representation and can work with you to see if this particular option is best for your case.
Chapter 7 Bankruptcy is the most basic and common form of bankruptcy.
In this form of Bankruptcy, if you (the debtor) have assets, such as XYZ, not protected by an exemption, a court-appointed trustee may sell the assets and distribute the net proceeds to creditors according to who is in priority position.
With this, the debtor can receive a discharge of his personal liability for most debts and restart the path to rebuilding credit.
Chapter 7 Bankruptcy is available to married couples, individuals, partnerships and corporations, however, it does require qualification.
To learn more about Bankruptcy check out these 4 videos around Bankruptcy basics:
To see if you qualify for a Chapter 7 Bankruptcy contact us today to set up a free 30-minute consultation.