You may file for Chapter 13 Bankruptcy, also referred to as Reorganization Bankruptcy, allows for the ability of a debtor to retain certain assets that would otherwise be liquidated by a Chapter 7 bankruptcy trustee. If you are an individual with a regular income who can pay for their living expenses but can not
Filing for Chapter 7 Bankruptcy We are all experiencing, to some extent, snags along the bumpy economic terrain. The attorneys at the Law Firm of Anderson and Ferrin are experienced in various forms of Bankruptcy Law and can help you along the right road to financial freedom. We will protect your rights and provide you
Chapter 11 reorganization, also called liquidation bankruptcy, is filed by businesses like corporations and partnerships or individuals who owe more than approximately $1.1 million dollars of debt. What’s the difference between Chapter 7 and Chapter 11 Bankruptcy? Chapter 11 reorganization helps keep businesses afloat while they reorganize their debts and come up with a repayment
What is a Chapter 13 Reorganization? Chapter 13 Bankruptcy is a type of personal bankruptcy that allows individuals suffering from debt to seek relief from the court. Chapter 13 will allow you to retain your assets by organizing a repayment plan based on your needs, as long as the debt is paid in full in
Chapter 13 bankruptcy is available to individuals and sole proprietors of businesses. It takes one’s salary and expenses into consideration to create a solid 3- to 5-year plan of repayment and reorganization to fit your needs. Once your repayment plan is complete, any remaining debt (that has the capability of being discharged) will be discharged.