Are you overwhelmed with your debts? Do debt collectors keep calling you? Are you facing a foreclosure? It’s time to regain control and bankruptcy may be right for you.
Bankruptcy is a legal procedure for dealing with both individual and business debt problems in which financial obligations are discharged. This procedure is covered under Title 11 of the United States Code (the Bankruptcy Code).
Several bankruptcy options are available depending on your situation. Custer Custer and Clark will help you understand which option is best for you so that you can make informed decisions about how to proceed. Greg Clark practices Bankruptcy Law and has experience in bankruptcy. As a result of Greg’s knowledge and experience, he is able to resolve even the most complex bankruptcy issues.
This form of personal or business bankruptcy involves a liquidation of non-exempt assets (if any) to pay off debt.
For individuals, this form of bankruptcy involves preparing a debt repayment plan, in which they agree to pay a certain portion of their future income to the bankruptcy trustee for payment to the creditors. Individuals can protect their homes, businesses and other assets.
Although bankruptcy is not right for everyone, for some it is a chance for a fresh start. Filing for bankruptcy protection can assist in a number of ways, including the following: