Nearly 1.5 million responsible people file for bankruptcy every year. The most common reasons for bankruptcy include job loss, medical expenses, divorce, small business debt, credit card debt, change in circumstance, and mortgage interest rates increases.
Attempting to handle bankruptcy on your own can be a complex and risky process. If not handled properly, creditors, debtors, trustees or other interested parties can still engage your business or company in full-scale litigation, putting you at risk for further penalties.
Chapter 7 of the United States Bankruptcy Code is a provision under Federal law designed to assist individuals and businesses with debt relief. Our firm has extensive experience analyzing complex bankruptcy issues, protecting our clients’ interests and developing comprehensive litigation arguments. When handled correctly, the Chapter 7 bankruptcy process will cancel most of your debts and allow you to keep certain property.