CHAPTER 7

Bankruptcy - Liquidation

We do not file business bankruptcy cases, we only  file for individuals and if joint cases, individuals with their spouses.

Chapter 7 allows individuals to eliminate debt. Credit cards, loans, medical debt, some taxes, past repossessions, past rent, past utilities, and many other types of debts can be eliminated in a chapter 7, if you qualify. Your income should be below a certain amount to qualify for a chapter 7. Most people that file chapter 7 do not lose any of their property. 

CHAPTER 13

Bankruptcy - Reorganization

We do not file business bankruptcy cases, we only  file for individuals and if joint cases, individuals with their spouses.

 

Chapter 13 is a payment plan that allows individuals to reorganize debt. Sometimes people file chapter 13 to stop a foreclosure and pay the mortgage through the bankruptcy, or stop a repossession of a vehicle and pay the vehicle through the bankruptcy. Chapter 13 is also filed by higher income individuals or others that might not qualify or prefer to file a chapter 13 payment plan. 

STOP LAWSUITS, BILLS/ DEBT HARRASEMENT

Filing bankruptcy may stop debt collection lawsuits, eliminate many kinds of debts, and stop creditor harassment. 

STOP FORECLOSURE OR STOP REPO

Filing bankruptcy may stop foreclosures of homes, and also repossessions of motor vehicles.  

Chapter 13

©2019 The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.