I am a bankruptcy attorney specializing in helping individuals, couples, and small businesses in financial distress. Call us so you can breathe a sigh of relief and start smiling again!
Chapter 7 bankruptcy can help struggling consumers in a number of ways. First, when you file, the court will order an automatic stay that will stop all collection efforts by creditors. This stay also serves to stop legal actions against you for money, foreclosures or repossession attempts, certain wage garnishments, and certain account levies for collection.
A common misconception about Chapter 13 is that you pay back everything that is owed to your creditors. This is NOT true. In the vast majority of Chapter 13 cases, unsecured creditors are NOT paid back everything you owe. In fact, they are paid pennies on the dollar, with no interest. Chapter 13 can often be a better option than debt consolidation, debt settlement, or paying the debts off yourself.
Business owners and individuals struggling under the weight of debt may find new life under Chapter 11 bankruptcy. Commonly called reorganization bankruptcy, Chapter 11 allows businesses to continue operating while the business owner and creditors reorganize the debts so the business can be profitable once again. This means there is light at the end of the tunnel!
Kurt’s legal representation is outstanding! He’s incredibly knowledgeable, well experienced, and was great talking me through everything.
- KL G
Great guy and great attorney. Kurt did a great job on our case. He was always very prompt and professional. I would highly recommended him.
- Jeremy Hazel
Thank you for everything you've done for me and especially for calming my fears. Your super-power is awesome!