Attorney Tova Weiss is lead Bankruptcy counsel and believes that most people have undergone financial hardship at some point in their lives. Bankruptcy protection affords people the opportunity to get on their feet again, to get a "fresh start," and to rebuild financial health. There is no shame in filing for Bankruptcy protection, it is a legal tool provided to help individuals in financial crises gain control of their personal finances.
Attorney Weiss can provide you with legal representation for either Chapter 7 or Chapter 13 Bankruptcy. By filing Chapter 7 or 13 Bankruptcy, you qualify for a "stay", or no-action period, which is a preventive tool against creditors (for example, credit card and mortgage companies). We will help you in the complex process in order to protect and maximize your rights under the law. We are a debt relief agency, we help people file for Chapter 7 and 13 Bankruptcy.
A Chapter 7 bankruptcy is liquidation. Under the Bankruptcy Code you can prevent your assets from being sold by trustee as long as the assets are legally exempt, while still discharging your dischargeable debts.
The debts that you do not repay are discharged. Some debts can not be discharged ("non-dischargeable") and you must continue to pay them at an agreed time frame and schedule such as taxes, child support, alimony restitution, and others.
To begin your Bankruptcy case you file a Bankruptcy Petition with the U.S. Bankruptcy Court Clerk's office. Call our office today for a Free phone consultation.
A Chapter 13 Bankruptcy is for an individual with Regular Income. In order to file a Chapter 13 Bankruptcy case you must have regular income (may be from different sources) and not owe more than $394,725 in unsecured debt or $1,184,200 in secured debt.
Usually, a Chapter 13 Bankruptcy plan is a three to five year payment plan for the unsecured and secured debt you owe. The plan cannot exceed five years.
A Chapter 13 Bankruptcy provides debtors, especially in today's economic climate, with an opportunity to put all mortgage arrears in a payment plan (paid to the Bankruptcy Trustee), while still keeping their house.
In order to determine which Bankruptcy case is best for you, contact an attorney at the Law Offices of Blitshtein & Weiss by calling toll-free at 1-888-435-4111 or 215-364-4900 or by sending us an e-mail from the link on our "contact us" page. A personal interview and document review will be conducted at your first appointment. Please gather the following documents for your first appointment (if possible)