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Bankruptcy
Even after the changes in the bankruptcy law, filing a Chapter 7 or a Chapter 13 may still be used to stop Garnishments,
Repossessions, Foreclosures, and Lawsuits and to discharge debts. We can assist you in determining which kind of bankruptcy
is best for you, and provide legal representation throughout the entire process. Filing the wrong bankruptcy may have dire
consequences. It is our job to ensure that you and your property are properly protected.
Chapter 7
Chapter 7 bankruptcy, also known as "liquidation," is generally a faster and less
expensive manner of obtaining a fresh start. If one qualifies to file a Chapter 7, a discharge is normally issued in a few
months from the time of filing. However, not every debt is dischargeable in a Chapter 7 and not everyone qualifies to file
a Chapter 7 bankruptcy. In a Chapter 7, an appointed Trustee will liquidate any non-exempt assets that the debtor may own
and distribute the proceeds to the creditors. Therefore, it is extremely important that you consult with an attorney who
is familiar with both Chapter 7 and 13 so that your petition is prepared and filed properly.
In our
law office, you will be fully consulted and advised by an attorney at every step of the way to ensure that not only you
qualify for a Chapter 7, but also are fully protected and in compliance with the requirements of the Bankruptcy code.
Chapter 13
Chapter 13 bankruptcy does provide some protections and benefits that Chapter 7 does not, such as cram-down and lien
stripping. Although it may take a while to complete a Chapter 13 plan and the debtor will have to make payments to the
Chapter 13 Trustee for a period of time, it may be a wise choice or the only option for many people.
In our office, you will be educated and advised of the differences between Chapter 13 and Chapter 7. You
will have an opportunity to evaluate your particular case, directly and face to face, with an experienced attorney who will
help you make a decision that would be in your best interest given your specific situation.
Call Attorney
Kamiar Saeedian today to discuss your case.
(303)785-2832
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