At Bankruptcy Done Right™, we are attorneys, CPAs, and financial experts with many years of experience. We can help you navigate the bankruptcy process in an efficient, organized, and future-focused manner.
Chapter 7 bankruptcy provides for liquidation, meaning the sale of a debtor’s nonexempt property so the proceeds can be distributed to creditors. This option is available to individuals who cannot regularly pay their debts as well as businesses that choose to terminate. Chapter 7 provides relief regardless of how much the individual or business owes. It does not require them to file a plan of repayment.
Filing for bankruptcy under Chapter 13 allows an individual to file a plan to pay creditors over time. Debtors can keep their property and stop foreclosure from happening, while other avoiding legal actions from happening. Individuals interested in filing a petition and plan under Chapter 13 must meet certain financial criteria. They will not be required to liquidate their business, if they have one, as with Chapter 7.
Contact Bankruptcy Done Right™ for Advice
If you’re considering filing for bankruptcy under Chapter 7 or Chapter 13, we can help. Call Bankruptcy Done Right™ at 866-246-7690 or schedule a consultation online. You’ll be able to speak with an experienced member of our team about your situation and how to move forward. There is no obligation when you contact us for this initial consultation. We’ll talk about your options and whether a petition for bankruptcy may be the right choice for you. Then, if you decide to hire our services and proceed with bankruptcy, we’ll help you tackle the process efficiently and correctly.