...the Law Office of...

Practice Area: Bankruptcy

One practice area of the Law Office of Natalie Green includes bankruptcy filings. Click to read more:

1) CHAPTER 7: liquidation

2) CHAPTER 13: structured pay-back

Please contact the office for more information or a consultation with an attorney.

Chapter 7

A Chapter 7 Bankruptcy is named after the section of the bankruptcy law it references. Upon completion of a Chapter 7 bankruptcy, debt will be considered discharged, or forgiven; providing a way for consumers to have a "fresh start." Not everyone can file a Chapter 7 bankruptcy under the new laws, so it is important to seek the advice of an attorney if you are contemplating filing a bankruptcy.

With a Chapter 7 bankruptcy you could:

Wipe out unsecured credit card debt

Stop creditor harassment

Avoid judgments against you

Stop creditors from garnishing your hard-earned wages

Get a financial fresh start

 

Chapter 13

A Chapter 13 Bankruptcy provides the person filing for this type of bankruptcy a way to pay all or some of their debt back, in what is called a "plan." The plan will last for an amount of time when you pay the bankruptcy trustee, who in turn then pays back the creditors in amounts that are fair and reasonable. The amount of the payback will depend on the type of debt. If you are facing a possible vehicle repossession or home foreclosure, filing a bankruptcy may provide you with a way to keep those assets and work out a payment plan that you can maintain.

With a Chapter 13 bankruptcy you could:

Keep from losing your home from foreclosure

Keep from losing your vehicle from repossession

Pay back your creditors in amounts that you can afford

Stop creditor harassment

Avoid judgments against you

Stop creditors from garnishing your hard-earned wages

Get a financial fresh start