Bankruptcy is a legal way for businesses and individuals who are unable to pay their bills to reconcile their debts and start fresh. Most people with severe debt problems are eligible for Bankruptcy. However, it is important to speak to an experienced Bankruptcy Attorney to determine if Bankruptcy is the right choice for you. Filing for Bankruptcy can be a stressful and complicated process, but Bankruptcy is designed to give people relief, not punish them for being in a tough situation. It is also something that should not be done on a whim. There are different types of Bankruptcy cases, so it is important to meet with an attorney to discuss your options in detail so that you can specifically tailor your Bankruptcy to remedy your particular situation.
Chapter 7 Bankruptcy is intended to completely relieve an individual of most ordinary debt, including credit cards and other unsecured debts. Chapter 13 and Chapter 11 are reorganization plans in which debts are discharged or restructured in order to be paid off in a more manageable way, while providing protection to the debtor and their property from creditors.
Why hire Edward M. Shahady, PA for Bankruptcy
Attorney Edward M. Shahady can help you evaluate your individual debt, navigate this complicated anddetailed process, and discuss other remedies to address your financial distress.