Practice Areas : Bankruptcy
Practice Areas : Bankruptcy
Practice Areas : Bankruptcy
Practice Areas : Bankruptcy
Practice Areas : Bankruptcy
Bankruptcy attorneys help people and businesses deal with debt they cannot pay. Chapter 7 wipes out most unsecured debt in a few months for filers who qualify. Chapter 13 reorganises debt into a three- to five-year plan and can stop a foreclosure or catch up arrears. Chapter 11 restructures businesses and high-debt individuals.
Filing triggers an automatic stay: collection calls, wage garnishment, repossession and foreclosure proceedings stop while the case is pending. What you keep depends on exemptions, which differ sharply from state to state.
Before you hire
Foreclosure defence, collections and consumer law cover neighbouring problems if bankruptcy is not the right tool.