Our attorneys can help you protect the "American Dream". Ourlaw firm assists clients with a full array of real estate matters, including:
Purchase or sale agreements for residential or commercial property
Real estate closings
Landlord-tenant or neighbor disputes
Commercial or residential leases
Contract preparation and review
Home inspection disputes
Common driveway and access road disputes
Other real estate transactions and litigation
Real Estate Law
We all face financial troubles but those troubles can be overcome with the right legal help. If you own more than you can pay, then maybe you should consider bancruptcy:
Chapter 7 bankruptcy, also called liquidation bankruptcy, is ideal for individuals whose debt is mainly unsecured debt and who do not have a stable income. Most unsecured debts can be discharged through Chapter 7, with the exception of some taxes, fines, and student loans. If you are burdened with unsecured debt, such as credit cards, a Chapter 7 bankruptcy will discharge the bulk of those debts. Chapter 7 can allow you to retain “exempt” property such as your home, cars, personal property, and retirement funds or continue to make scheduled payments on secured debts by liquidating assets deemed “non-exempt” by the court and using the funds to repay creditors.
When a company decides that it is unable to pay the debt it has accrued, it can file forChapter 7 bankruptcy, which will enable it to liquidate its assets. Once the assets have been sold and funds have been distributed to creditors, the business is free from liability. Businesses also have the option of filing for Chapter 11 bankruptcy. Under Chapter 11, a business is protected from creditors while it is being restructured. Restructuring usually involves downsizing and narrowing focus.
Chapter 13 Reorganization
Chapter 13 bankruptcy is often referred to as a “wage earner” plan, because you must be earning a steady income to participate. In a Chapter 13 bankruptcy, rather than canceling your debts, you will receive additional time to pay off all or a portion of your debts. In most cases, your debts can be paid off during the established time at a substantially lower interest rate or with no interest at all. At the end of the plan, whatever debts are remaining may be cancelled. A Chapter 13 plan is ideal for people with “secured” debt – such as those with property, mortgages, and financed cars, because Chapter 13 allows you to retain this type of property while making planned payments to the court.