Highland Bankruptcy Attorney
There is no reason why you should have to endure ceaseless creditor calls, letters, or collection actions that garnish your wages, seize your bank account funds or threaten your home or valuable personal property. Call a Highland bankruptcy attorney at (888) 754-9877 if debt has become too stressful and unmanageable.
Businesses and individuals can elect to file bankruptcy to cancel out certain debt. Personal bankruptcy wipes out many types of unsecured debt and business debt which is personally guaranteed by a sole proprietor. A Highland bankruptcy attorney can advise you on which debts are non-dischargeable.
Consult a Highland bankruptcy attorney on how bankruptcy can stop collection activities, enable a business to dissolve in an orderly manner and erase the unmanageable debt. Highland bankruptcy attorneys handle bankruptcy for both consumers and businesses.
Chapter 7 Bankruptcy
If you are a Highland consumer, have a Chapter 7 Bankruptcy Lawyer verify that your income meets certain criteria and that your assets will be protected if filing Chapter 7. If you qualify, your Chapter 7 Bankruptcy Lawyer will advise you on your obligations before and after you file.
Chapter 7 can erase debt in a business bankruptcy while its assets are sold to satisfy creditors to some extent while the company dissolves its operations. A personal Chapter 7 can wipe out debt like credit cards, medical bills, promissory notes, personal loans, payday loans, unpaid rent and utilities and repossession deficiencies.
Your only appearance is with your Chapter 7 Bankruptcy Lawyer at a meeting with the trustee to review the petition filed by your Chapter 7 Bankruptcy Lawyer. You can be assured that your Highland bankruptcy lawyer carefully prepared your case to eliminate major issues.
Most Chapter 7 cases are discharged in about 4 months, allowing you to get a fresh start.
Chapter 13 Bankruptcy
Not all Highland consumers are eligible to file Chapter 13. Also, your debts must be below a certain amount that a Chapter 13 Bankruptcy Attorney can examine. Chapter 13 is a repayment proceeding for individuals and Highland sole proprietors only. A Chapter 13 Bankruptcy Attorney prepares a plan for you to repay your liabilities and arrearages for loans like a mortgage or auto over 3 or 5 years. This can avoid foreclosure and repossession activities.
Your Chapter 13 Bankruptcy Attorney can also include arrearages in student loans, alimony or child support in the plan. Certain secured property can be reduced in value by your Chapter 13 Bankruptcy Attorney to its replacement value, saving you money.
Creditors are paid in order of priority with unsecured creditors paid only if they would have been under a Chapter 7. If not, they are discharged at the plan’s conclusion.
Chapter 11 Bankruptcy
If your Highland LLC, partnership or corporation is barely above water or is drowning in debt, a Chapter 11 Bankruptcy Attorney may suggest Chapter 11. This is a repayment proceeding that also permits companies the ability to restructure their operations with bankruptcy court approval.
A Chapter 11 Bankruptcy Attorney prepares a disclosure statement about the company’s affairs and strategies for solvency and a reorganization plan that creditors who will receive less than full value will vote on to confirm or reject.
If confirmed, the company can continue its day-to-day business but major business decisions including breaking and re-negotiating contracts and other agreements must pass muster with the court.
Your Highland bankruptcy lawyer files progress reports with the court and keeps creditors apprised as well. If you are an individual with substantial debt and unable to file under Chapter 7 or 13, a Highland bankruptcy lawyer can advise you on filing Chapter 11.
Call a Highland bankruptcy lawyer at (888) 754-9877 for more in-depth information about the bankruptcy process.