Got Questions? We Have the Answers

Bankruptcy is a legal process that allows individuals or businesses struggling with debt to seek relief and resolve financial obligations. Depending on your situation, different types of bankruptcy (Chapter 7, Chapter 13, etc.) can offer solutions, such as debt discharge or repayment plans. Our experienced attorneys can guide you through the entire process, from filing to resolution.

Deciding if bankruptcy is the right option depends on your unique financial situation. If you’re overwhelmed by debt and unable to meet your obligations, bankruptcy could offer a fresh start. We recommend scheduling a consultation with our team to explore your options and determine the best course of action.

There are several types of bankruptcy, including Chapter 7, Chapter 13, and Chapter 11. Chapter 7 typically involves the liquidation of assets to pay off debts, while Chapter 13 allows individuals to reorganize and repay debts over time. Chapter 11 is primarily for businesses. Our attorneys can help you understand which type best suits your needs.

Yes, bankruptcy will impact your credit score and remain on your credit report for several years. However, it may provide an opportunity to rebuild your credit by eliminating or restructuring debts. We can advise on strategies for improving your credit after filing for bankruptcy.

The timeline for bankruptcy varies depending on the type and complexity of your case. Chapter 7 bankruptcy typically takes around 3-6 months, while Chapter 13 can take 3-5 years due to the repayment plan. We’ll provide a detailed estimate based on your specific circumstances during our consultation.

In many cases, individuals can keep their property, especially with Chapter 13 bankruptcy, which involves a repayment plan rather than liquidation. However, certain assets may be subject to liquidation in Chapter 7. Our attorneys will assess your case and work to protect your property whenever possible.

The cost of filing for bankruptcy varies depending on the complexity of the case and attorney fees. There are filing fees for the court, and legal fees depend on the type of bankruptcy and the services required. We offer consultations to discuss your financial situation and provide transparent pricing.