Bankruptcy Information | Información En Español

What is Chapter 13?
Chapter 13 is a federal bankruptcy law enacted by Congress to help individuals and small businesses experiencing financial difficulties in repaying their debts, either in full or in part.

How does Chapter 13 Work?
In Chapter 13, an individual, a married couple, or a small unincorporated business can consolidate bills with a repayment plan. Usually this lowers the amount you pay on debts into a more manageable monthly payment.

Sounds good! Tell me More!
Payments are made through a Trustee, usually by payroll deduction, and distributed by the Trustee to creditors. There are many factors that determine the payment amount. Therefore, call me for a consultation.

So, what are the benefits to me?
A Chapter 13 stops collection efforts in most cases. Therefore, a Chapter 13 usually provides relief from lawsuits, creditor calls, harassment, repossessions, foreclosures and tax levies. However, the law is com-plicated. Therefore, call us for a first consultation to evaluate your unique and individual rights and needs.

Wow! I have many more questions!
It's best to call for a first consultation. Your first visit is FREE. Also, our website is loaded with advice and additional information that cannot be given in detail here.

What is Chapter 7?
Chapter 7 is a federal bankruptcy law enacted by Congress to help individuals and businesses (both sole proprietors and corporations) experiencing financial difficulties in obtaining a fresh start.

How does Chapter 7 work?
In Chapter 7, an honest debtor is given the chance to obtain a Discharge or forgiveness of many debts.

Well, that sounds good too!
Tell me more!
Not everyone qualifies for Chapter 7. This is why we suggest you call for a first consultation. Eligibility depends on many factors, including your present and past income, the type of debts you have, and the value and nature of your assets.

Wow! That can get confusing!
Yes, BAPCPA (the Bankruptcy Abuse Prevention and Consumer Protection Act) passed by the U.S. Congress in October of 2005 can be confusing.

So, Does that mean we can't get help from bankruptcy now?
No, not at all. With your help, we can guide you through an appropriate process in order to get you the relief you seek and deserve.

IS BANKRUPTCY DISHONEST?
No. Most people honestly want to pay their bills. Sometimes things happen that make it impossible. Bankruptcy is a legal right that is provided for in the United States Constitution. Bankruptcy is a right that protects honest people who are unable to pay their bills from harassment, lawsuits, wage garnishment and other creditor actions. Bankruptcy allows a fresh start.

Many experts trace the roots of our bankruptcy laws to the Bible which says:

At the end of every seven years thou shalt make a release. And this is the manner of the release: every creditor shall release that which he has lent unto his neighbor and his brother; because the Lord's release hath been proclaimed. (Deut. 15:1-2)

Bankruptcy has been used by many of our nation's largest companies like Texaco, America West Airlines, Macy's, T.W.A., Pan Am, A. H. Robbins, Penn Central, Wards, as well as famous people like Jerry Lewis, Mickey Rooney, Tammy Wynette and former Treasury Secretary John Connally.

The same laws that are routinely used by corporate America, and the rich and famous, can protect individuals and families.