Chapter 7 Bankruptcy
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Frequently Asked Questions
A bankruptcy is a legal declaration where an individual or organization is unable to pay its creditors or debts. Bankruptcy filings are mostly regulated by laws under the jurisdiction of the federal government. The validity of bankruptcy claims and exemptions are governed by state law and vary from state to state.
You should file if you are unable to pay your debts and there is no possibility that you ever will. The most common reason for filing for bankruptcy is unemployment, large medical expenses, overextended credit and other large unexpected expenses. Deciding to file for bankruptcy is a difficult decision. Valuable factors to consider are your alternatives, the type of bankruptcy that is best for you, and which debts will be discharged if you file bankruptcy. This is where my office can be of the greatest assistance with OUR TOTALLY PRIVATE, FREE CONSULTATION.
As soon as we are retained as your attorney, we take over. Protecting you from creditors is one of our jobs.
I have personally performed over 18,000 bankruptcy consults over the years.