Services We Provide
Chapter 13
When someone files for bankruptcy under Chapter 13 of the Bankruptcy Code, their aim is to have the opportunity to repay some or all the debts in their name, in better terms, i.e. lower or no interest. Unlike Chapter 7 which involves liquidation of assets, this process involves restructuring debts which allows the debtor to use whatever income they may have in the future to pay off the creditors. Filing Chapter 13 Bankruptcy is thus applicable for a debtor who has a regular income, and thus can afford to request for such adjustments or reductions.The United States Bankruptcy Code gives the debtor a ceiling of 5 years, within which the creditors must be paid back. While the attorney will safeguard your interests, the entire process is carried out under the supervision of the courts.
Chapter 7
Chapter 7, otherwise known as "liquidation" or "straight bankruptcy" is generally the simplest and quickest and is available to individuals, married couples, corporations and partnerships. A trustee appointed by the court gathers and sells your nonexempt property. The proceeds from the sale pay your creditors. You're able to keep any "exempt" property.Why choose the Law Offices of Neil E. Schwartz?
We realize that this is a very stressful and complicated process and are sensitive to your needs.We offer a free consultation with the attorney.
We offer a no homework approach. Rather than have clients fill out long, complicated forms, we do all of the preparation.
We do not screen calls and are the most accessible attorneys. The attorney will personally prepare and evaluate your case.
We do not have the paralegal prepare your case.
Call us today to set up your free consultation and let us help you regain financial success.