Bankruptcy, A Clear Field For Future Effort, A Financial Fresh Start
In 1787, our founding fathers adopted the U.S. Constitution, which gave Congress the authority to enact bankruptcy laws to provide honest debtors a financial fresh start. Despite misconceptions, bankruptcy law has always been intended to serve a very positive purpose for honest people in hard times: "It gives to the honest but unfortunate debtor...a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt." - The Supreme Court 1934
We will help you determine if Chapter 7, a liquidation of assets; Chapter 11, which allows creditors to vote on a plan for debt settlement that our firm and client propose; or Chapter 13, where our firm helps you develop a plan to pay debts over a period of time, is in your best interest.
Our attorneys will explain the many details and issues involved in each form of bankruptcy, review assets and liabilities, and work with you through each step of the bankruptcy process.