Bankruptcy Practice and Litigation
We represent clients at hearings and in the court room, where it matters most. Hundreds of thousands of Americans file for Bankruptcy each year. While there may be a stigma around bankruptcy, the Bankruptcy Code exists for a reason: to give consumers who have gotten in over their heads a way to realistically approach and deal with their debts. At Lifeline Legal, we file individual and joint bankruptcy petitioners for Chapter 7 and Chapter 13 Bankruptcy depending upon your situation. Our legal team will meet with you to analyze your current financial situation and determine the best options for you so that you can get your life back on track as quickly as possible.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is the form of bankruptcy that most people think of when they hear the word “bankruptcy”. The idea in a Chapter 7 Bankruptcy is to liquidate all non-exempt assets that a petitioner holds and then to disperse those funds secured through the sale of that property to creditors. Each state has an individual set of property exemptions that allow a bankruptcy petitioner to claim as exempt certain property. Our legal team is well experienced in strategically filing our clients so that we protect as much of your property as possible. You can rely on us to guide you through the entire Chapter 7 process.
Chapter 13 Bankruptcy
In a Chapter 13 Bankruptcy, a petitioner is able to restructure their debt to create an affordable monthly payment plan that will span 3-5 years and that addresses all of their major financial obligations. Typically, Chapter 13 is the right choice for filers with substantially more assets than can be exempted or for filers who are precluded from filing Chapter 7 Bankruptcy because they either make too much money or do not qualify for another reason. Our legal team can meet with you to discuss what a Chapter 13 Bankruptcy would look like, including your potential monthly payments and plan duration. While a Chapter 13 Bankruptcy can sometimes seem daunting, Lifeline Legal will be with you every step of the way to ensure that you never feel overwhelmed by the process