Bankruptcy: We handle Chapter 7, Chapter 11, and Chapter 13 bankruptcies for individuals, small business owners, corporations, partnerships, and Limited Liability Companies (LLCs).
Tax Problems: We deal with issues of tax in bankruptcy, offers in compromise (aka tax workouts), installment agreements, non-collectible status, tax and foreclosure issues, and statutes of limitation on tax collection.
Mortgages and Lien Stripping: It may be possible to remove or "strip" a second mortgage from a property through either Chapter 13 or Chapter 11 bankruptcy.
Consumer Protection: We have a strong consumer protection, defending people from overzealous debt collectors and forcing credit reporting agencies to fulfill their obligations. We also help our clients carefully examine their debt forgiveness options, helping ensure that they remain compliant with taxes and are not caught in fraudulent debt settlement schemes.
The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income. (Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.)
The chapter of the Bankruptcy Code providing (generally) for reorganization, usually involving a corporation or partnership.
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.