Debt relief is the most important legal avenue for bankruptcy.
If you can afford to pay your creditors, you can file for bankruptcy protection.
If not, you will need to negotiate a settlement with your creditors.
The best bankruptcy lawyers and debt relief attorneys in the country can help you understand the options for you and your family, and can help negotiate a fair settlement.
If the debt relief law does not allow you to repay your creditors within 30 days, you have the right to pursue a Chapter 7 bankruptcy.
This is called a Chapter 13 bankruptcy.
The debtor can still receive their property, including their home, in bankruptcy, but they will need the help of an attorney to win the case.
Learn more about bankruptcy law and Chapter 13.
The court can award up to 50% of the debtor’s debts to creditors in bankruptcy.
In addition, the court may award creditors up to 15% of your assets in a Chapter 15 bankruptcy.
Learn about bankruptcy.