Bankruptcy LawBankruptcy is a legal status for a person or organization that is no longer able to repay debts that they owe to creditors. We also offer assistance with the following issues: foreclosures, offers in compromise, installment agreements, ongoing tax wage garnishments and levies on your bank accounts or other property.
Chapter 7 ProtectionChapter 7 of the Bankruptcy Code is the most common form of bankruptcy that individuals request. Once you have been approved for bankruptcy, your Chapter 7 case will wipe out the majority of your unsecured debts. While many types of debt and bills can be settled during this type of protection, there are some debts that cannot be settled. To see if you will benefit from Chapter 7, contact our experienced lawyers today.
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Chapter 13
Chapter 13 bankruptcy can relieve stresses that come with financial burdens. Chapter 13 is right for you if you are behind on your mortgage or car loan and want to make up your missed payments. In addition, it may be the right choice if you share personal debts with a co-debtor. Chapter 13 allows you to consolidate your debts and create a payment plan that is based on what you can afford. Often, the amount you pay back is less than the full amount you originally owed.
Get Your Free ConsultationIf you are struggling financially, the attorneys at The Michelson Law Office are here to help you. Those considering bankruptcy protection are entitled to a free initial consultation. During our meeting, we can help you compare Chapter 7 and Chapter 13, review your options and determine the best possible outcome. Don’t let debt take over your life.
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More Information
If you are considering whether or not you should file for bankruptcy, please read the other pages on our website. This information will provide you with more insight about each type of bankruptcy.
Please also complete our Client Questionnaire below, so we can better help with your case. Client Questionnaire |