FAQ – What Are the Available Bankruptcy Options?

What Are the Available Bankruptcy Options?

The three types of bankruptcy filings are categorized under chapter bankruptcies.

  • Chapter 7 was designed to help individuals within a certain bracket of income who are hurting financially. People who own only a few valuable assets are the most viable candidates for this form of debt relief.
  • Chapter 11 bankruptcy cases are for corporations or individuals coping with a substantial debt and provides extra time for the debtor to pay.
  • Chapter 13 provides a payment plan designed to pay creditors in a given time period.

Whether you want to learn more about the bankruptcy process or you need help with collections defense our lawyers can help. They’ll meet with you at no charge for an initial consultation, and then recommend the best course of action. We’re sympathetic to your problems, and we know how to help you solve them.

Contact Engel Law Firm today for expert counsel and relief from your debt load.