Bankruptcy is a legal process where a debtor reorganizes debt through the division of assets. Different possibilities for debtors in filing for bankruptcy vary depending upon each situation.
Bankruptcy allows you to eliminate debt or repay creditors over time without penalties. Filing for bankruptcy shields individuals from future creditor attacks and protects assets.
The most commonly filed forms of bankruptcy are Chapter 7 and Chapter 13.
The major difference between Chapter 7 and Chapter 13 is the choice to pay back money over time. If you have overwhelming amounts of debt and extenuating circumstances such as loss of job or illness and wish to eliminate your debt overall, you may consider Chapter 7.
If you have a steady income but are being weighed down by debt, you may choose to file Chapter 13 bankruptcy and pay back your debt over time.
If you are a business-owner looking to file for bankruptcy, Chapter 11 bankruptcy allows business to file for bankruptcy due to creditor and supplier debt. Chapter 11 can also be filed by high net worth individuals.
After contacting Citizens Law Group LTD. and consulting with one of our experienced bankruptcy attorneys, we will recommend which form of bankruptcy is best for your case.
Prior to filing, you must first complete a credit counseling class. Once completed, the attorneys at Citizens Law Group LTD. will work with you to complete and assemble all the paperwork necessary for filing with the bankruptcy court.
We will help you through each step of the process, assuring each step is done with high quality service. Contact Citizens Law Group Ltd. today to speak to one of our expert bankruptcy attorneys.
Joshua M. Martin is the founder of Citizens Law Group. He has distinguished himself as one of the most effective short sale and modification negotiators, having represented thousands of distressed homeowners over the past several years. In addition to assisting homeowners in foreclosure to save their home, Joshua has also successfully negotiated with lenders to reduce his clients’ monthly mortgage payments and principal balances due on the mortgage.
Additionally, for those homeowners who do not wish to retain their property, Mr. Martin has negotiated hundreds of short sales that allow his clients to make a distinguished exit from their property without having personal liability for the debt.
I was fortunate to have met Josh during a very tough stage in my life financially. He executed a strategic plan that saved my home and got my spiraling debt under control. I recommend him to anyone with debt or real estate troubles.
Joshua was extremely helpful during a difficult time in my life. He was able to understand my situation and provide various opportunities for me to get out of my financial situation. I’m extremely impressed with his ability to both empathize with me while still providing calming answers to my complex situation. Thank you.
My transaction is not finalized yet, but so far Josh and Lupe were great and very responsive, always on top of their game. A huge improvement from my last lawyer.
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Privacy Policy | Terms and Conditions
This site is not a part of the Google website or Google LLC. Additionally, This site is NOT endorsed by Google in any way.
GOOGLE is a trademark of Google, LLC. Website Development for Bankruptcy Lawyer and Pay Per Click for Bankruptcy Lawyer by DiscoverMyBusiness