Mountain View Bankruptcy Lawyers
Our Law Firm is Experienced and Qualified to Help You!
Are you unable to keep up with your bills through no fault of your own? You are not alone! The U.S. Federal Government created bankruptcy laws to assist people who cannot pay their creditors get a fresh financial start. Bankruptcy includes debt liquidation or developing and negotiation new payment plans. The Peninsula Law Group is uniquely qualified to help clients file Chapter 7, Chapter 11, or Chapter 13 bankruptcy. There is no shame in filing for bankruptcy. Often financial difficulties are caused by global economic changes, the loss of an income, a medical incident, divorce, or the death of a loved one. Whatever the cause, talk to an attorney before you go to an advertised debt consolidation agency.
Chapter 7 is a form of bankruptcy that is used most often for individual consumer debtors. A successful Chapter 7 bankruptcy liquidation will eliminate the debt. Even with debt liquidation the debtor can keep some essential possessions. Some small businesses qualify for Chapter 7 bankruptcy. However, not all debtors can qualify for a Chapter 7, contact us to discuss your options.
Chapter 13 allows a debtor to keep property and pay debts over time. When someone files Chapter 13 bankruptcy, they are able to keep their property and a plan is set up to pay debts over a period of time – generally from three to five years. The Chapter 13 process will likely involve your attorney dealing with the bankruptcy court / trustee and your creditors to complete a chapter 13 plan. An approved Chapter 13 plan will usually greatly reduce debt and structure reasonable payments, while proving the protection of bankruptcy. There are debt and income limits to certain Chapter 13 bankruptcies and not all debtors can qualify for a Chapter 13, contact us to discuss your options.
A Chapter 11 bankruptcy generally involves a business or a partnership and has very specific requirements both before and after the bankruptcy filing. If you are considering filing bankruptcy as a business owner or partner, contact us to discuss your options for debt protection. Chapter 11 bankruptcy filings are typically very complex, and requires experienced attorneys with a complex understanding of how the bankruptcy system works. Peninsula Law Group has that experience.