Bankruptcy Lawyers

Welcome to Bankruptcy ESQ, your source for Bankruptcy Lawyers and Bankruptcy Attorneys. If you have been facing high credit card bills and other forms of debt and find yourself suffocating with these bill and payments with no relief insight, then bankruptcy may be an option for you.

Bankruptcy isn't always the best option for everybody, however for some it is the only alternative allowing one to be free from debt that only accumulates and increases with every late payment.

Bankruptcy allows individuals, even businesses and corporations to organize their debt to where it is manageable. Bankruptcy can stop your creditors from ruining your life with harassing phone calls and intimidating collection tactics. Bankruptcy can stop creditors from garnishing your wages or seizing your property, or placing liens on your property.

Bankruptcy isn't the perfect solution and it doesn't erase your debt or obligations to your creditors. Bankruptcy facilitates a median where you can force your creditors to meet your current obligations with what you can currently afford. Bankrupts does not erase your debt obligations to your creditors, therefore you should always consult with an experienced and knowledgeable bankruptcy attorney that can explain all the benefits and consequences to filing for bankruptcy. It is also important that your bankruptcy lawyer understand your circumstances and can explain to you your options and probability of the outcome.   Talk to a Bankruptcy Lawyer today to see if bankruptcy is right for you. 

Our Bankruptcy Attorneys can help you with the following situations:

  • Stop Bill Collectors
  • Stop Pay Day Loans
  • Stop Lawsuits
  • Stop Repos
  • Stop Foreclosures
  • Stop Tax Garnishment
  • Avoid Bad Credit
  • Get help with Student Loan Debt
  • Get help with Judgments
  • Get Help with Back Taxes

Changes in Bankruptcy Laws Still Provide Assistance and Relief

New Bankruptcy Laws went into effect on October 17, 2005 which discouraged many debtors from filing bankruptcy.  In the previous system, debtors were allowed to get more debt discharged completely which allowed the bankruptcy petitioner to walk away free and clear of much of their debt.  The new bankruptcy laws have changed, in particular that they require in most cases payment plans of the debt without complete discharge. Bankruptcy today is still very beneficial for those who are facing overwhelming debt and harrassment by creditors. The new laws do make eligibility requirements stricter and the amounts of debt that is discharged less, however there is still plenty of relief that is only available by filing bankruptcy under Chapter 7, Chapter 13 and Chapter 11. Protection from creditors and the discharge of certain debts are still available and only by filing for one of the forms of Bankruptcy. If you still have questions about how the new bankruptcy laws affect you, call today and consult with one of our Bankruptcy Lawyers.

Different Types of Bankruptcy available:

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is one of the most common forms of bankruptcy that is sought by individuals and small companies not incorporated or given special business formations.  Chapter 7 is a liquidation bankruptcy, where the debtor who files for Chapter 7 offers his assets for liquidation in an effort to satisfy any debts with the creditors. Certain debts are fond dischargeable and many find this bankruptcy to be very helpful.  A Bankruptcy Attorney would provide you with more information about Chapter 7 Bankruptcy.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is a debt repayment plan monitored by the United States Bankruptcy Courts.  It allows individuals and small companies relief from creditors by allowing the debtor to get protection for their assets and form an agreement to pay the creditors under this agreement that helps the debtor due to their economic circumstances.  Chapter 13 Bankruptcy is an ideal mechanism for individuals and small companies that need relief from debt to protect their assets and work out a payment plan with their creditors.  To determine whether Chapter 13 Bankruptcy is right for you, talk to a Bankruptcy Lawyer.

Chapter 11 Bankruptcy

Chapter 11 Bankruptcy is known as the “reorganization” bankruptcy.  Chapter 11 bankruptcy is mainly used by companies (small or large) including corporations and partnerships.  It is used by smaller companies and individuals when they do not met the requirements of Chapter 7 Bankruptcy and Chapter 11.  The main factors in Chapter 7 Bankruptcy is that the debtor may remain in possession of the property and assets, the debtor remains as the trustee of the assets while bankruptcy lawyer creates a reorganization plan that is left to be approved by the bankruptcy courts.  If you feel that filing Chapter 11 Bankruptcy is in your best interest, or would like to know more about Chapter 11 Bankruptcy, talk to one of our Bankruptcy Attorneys.  

If you are looking for assistance by Bankruptcy Lawyers or would like to know more about how Bankruptcy can help you, contact the Bankruptcy Attorneys of Bankruptcy ESQ.