The United States Bankruptcy Court allows for several different types, or chapters, of bankruptcy. Each chapter has its own guidelines and qualifications. There are several factors involved in determining which chapter fits your needs.
This income enables the debtor to keep his or her assets and create a repayment plan. The repayment plan lasts from three to five years.
In a liquidation, your non-exempt assets are seized and sold by the trustee to pay your debts to the fullest extent possible. The remaining portion will be discharged. Many fail to file for Chapter 7 because they falsely believe their clothes, car, and furniture will be taken away.
Chapter 11: This is a common form of bankruptcy used by businesses in order to reorganize. It tends to be the most complex filing but appropriate for businesses and even individuals. The business creates a plan to reorganize and pay off debts.
Mr. Gardner provides comprehensive legal services to small and mid-size businesses, from the formation of limited liability companies, corporations and charities to partnerships and sole proprietors.
Mr. Gardner is well experienced in both criminal and civil litigation, having practiced in all state and federal courts since 1991.
Mr. Gardner has practiced in all criminal areas for over twenty years. He will represent you and consider your driver's license and insurance consequences at all times.