• A Bankruptcy Overview The Bankruptcy laws of the United States have been enacted under the authority of Article I, Section 8, Clause 4 of the United States Constitution. These laws, know as the Bankruptcy Code, make it possible for individuals, businesses, and even cities and towns, to obtain relief from their debts, either through the liquidation of property or the restructuring of the debts.

    We Help You File Bankruptcy

    Two major types of bankruptcy cases are available to individuals: Chapter 7 and Chapter 13. In a Chapter 7 case you are given a fresh start. The court grants you a discharge of your debts, which means that you no longer have a legal obligation to pay them. You also make a list of your belongings, or assets. Most of your assets are exempt, which means they are protected by law. But if you have any valuable, unprotected assets, it is possible that they will be taken and sold to benefit your creditors. In most cases, however, with proper legal advice before you file, you do not lose any property at all. In a Chapter 13 case, we help you set up a court-approved plan to repay your debts over a specified period of time at a rate you can afford. You can stop foreclosure sales and vehicle repossession. Property you would possibly lose in a Chapter 7 case may be protected by filing a Chapter 13 case.