The goal of bankruptcy is to provide a fresh start for individuals in financial distress. Not all inidivuduals who are in financial distress will benefit or qualify from bankruptcy filing. At the McAfee Law Firm, each individual case is analyzed to determine whether you can benefit or not.
Bankruptcy claims are filed in the Federal Court and is seen as a solution to insolvency. The Attorneys of the McAfee Law Firm, understand that there are various forms of bankruptcy and not every individual in financial distress needs to file for bankruptcy to reorganize their finances. However, when suitable – bankruptcy can provide a fresh start. WE will review you finances, assets, liabilities to help you determine the best course of action to resolve your financial issues.
Several of the most well known types of bankruptcies are Chapter 7, Chapter 11, and Chapter 13, bankruptcies. An individual files a Chapter 7 bankruptcy and a trustee assigned to the case assists in determining which assets will be liquidated and which are exempt in paying off debts and creditors. In a Chapter 13, bankruptcy, the individual expects to have future income allowing him to pay off debt within a 3-5 year time period. Under supervision of the court, finances are re-organized and a payment schedule is devised.
At the McAfee Law Firm, we offer legal services in bankruptcy. We welcome the opportunity to discuss your financial issues, bankruptcy questions through a free, no obligation consultation. Please call our office to arrange an initial free consultation.
Do you have any bankruptcy questions? Schedule a free consultation, please call The McAfee Law Firm at 888-266-5303 or fill out our Bankruptcy Intake Form after submission, an attorney will contact you to discuss.