CHAPTER 13 BANKRUPTCY
Chapter 13 is also known as a reorganization bankruptcy. During a Chapter 13 Bankruptcy, an installment plan is created by the debtor to last in-between 3-5 years to help individuals repay their creditors. This type of Bankruptcy is usually highly advertised and pushed for by lawyers during the mortgage foreclosure process, however, it sometimes is not the best fit for all people. During your free consultation, Alex will take the time to go over each type of bankruptcy and their pros and cons to allow you to make an informed decision as to what plan works the best for you. Call the number listed below to set up your free consultation.
CHAPTER 7 BANKRUPTCY
Chapter 7 Bankruptcy is known as a complete liquidation Bankruptcy. This type of Bankruptcy allows an individual or a married couple to completely discharge all their debt. A Chapter 7 Bankruptcy has specific requirements for income as well as the assets you are allowed to keep. Please be sure the attorney that you are working with with is well versed in these things. Alex has been helping his clients successfully file and retain their assets for over ten years. Contact him today for a free consultation.
Behind on payments, Receiving collection calls, Overwhelmed by debt
Bankruptcy can generally be divided into two basic types for most individuals and entities. For example, there is a Chapter 7 (Commonly referred to as a Liquidation Bankruptcy) and a Chapter 13 (Known as Reorganization Bankruptcy).
If you're considering Bankruptcy or any of the topics discussed on this website, it is important to be an informed consumer. The correct information on the Bankruptcy filing process, filing requirements, and the different Bankruptcy Chapters, along with speaking with an experienced and knowledgable Bankruptcy attorney, will help you make an informed decision in this difficult time.
Our firm understands bankruptcy and restructuring law and can navigate you through the legal system to help you keep your assets and begin rebuilding your financial future. Your best financial outcome is our main priority. We have a long history of helping thousands of people find the financial relief they deserve.
For more information on Chapter 7 Bankruptcy or Chapter 13 Bankruptcy click on the following links or give our office a call. We would be happy to meet with you in our locations in Lansdale or Allentown to discuss any questions you may have about your situation.
This website is designed to answer only very basic Bankruptcy questions. If you have more questions or are considering seeking representation, call us today for a free consultation.