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If you are thinking of filing for bankruptcy protection, it is critical that you get good advice as early as possible. The United States Bankruptcy Court has stressed that hiring an attorney, rather than representing yourself, is highly recommended. Many bankruptcy issues can be very complex and it can be difficult to prepare the required paperwork without proper guidance.
Further, there are certain critical questions which you will need answered before you file for bankruptcy protection.
- Will I be required to pay back some or all of my debts during the years after filing?
- Which types of property can I retain?
- Which types of property must I relinquish to my creditors?
- Which debts will be discharged (forgiven) by the bankruptcy and which will remain?
Without knowing the probable outcome of a bankruptcy in your particular case, you are unable to make a reasoned decision about whether the protections offered by a bankruptcy are right for you. Our attorneys have specific knowledge of bankruptcy and insolvency issues, as well as, the general knowledge of the intertwined practice areas sufficient to counsel you and help you to make the right decision during times of financial distress. If bankruptcy is the right choice for you or for your business, we can represent you in a Chapter 7, Chapter 11 or Chapter 13 bankruptcy petition.
At Willinger, Willinger & Bucci, P.C., our attorneys can give you sound legal advice about the bankruptcy option and suggest other ways in which to approach finances in these challenging economic times. We look forward to being of assistance to you.
For additional information about Bankruptcy law, please see our Frequently Asked Questions.
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