Making Bankruptcy Easier for Those Who Need It Most
Bankruptcy can be a sensitive subject. You may view it as an indication that you’ve failed at running a business or managing your personal finances, and society doesn’t always reward people who have gone into bankruptcy: Lenders or realtors might even judge you differently once they find out you’ve filed.
The attorneys at The Rockwell Legal Group take a different view. We recognize that bankruptcy is often a necessary tool for your financial survival. That’s why our goal is to help you leverage the protections it affords and use them to go on to greater things.
Your bankruptcy shouldn’t define you for the rest of your life. We’re here to ensure that it’s only a passing stage in your journey.
Helping You Use Bankruptcy As a Stepping Stone
One of the most confusing parts of bankruptcy involves deciding which type you should pursue. Luckily, we have the experience to help you make the right decision:
- Chapter 7 bankruptcy is a form of business or personal liquidation, which means that you sell your assets to pay off your debts.
- Chapter 11 bankruptcy is a type of reorganization commonly known as corporate bankruptcy where you must follow an agreed-upon debt repayment plan.
- Chapter 13 bankruptcy lets those with stable incomes work out repayment plans.
These forms of bankruptcy also differ in how you’re allowed to pursue and use them. For instance, some types require you to wait a given number of years before filing a second time, and others are restricted based on the worth of your assets. Different kinds of possessions, such as your clothing or the vehicle that you use to do work, may also be excluded from liquidation sales.
How Can The Rockwell Legal Group Help You Manage Bankruptcy?
Why does having legal aid make it easier to file for bankruptcy? Our attorneys work to represent your case to creditors and negotiate so that they don’t raise objections to your proposed plan. By reviewing your plan and mediating on your behalf, we ensure that your filing and appeals go as smoothly as possible.
Remember that you’re not guaranteed bankruptcy status just because you request it. Judges want assurances that they’re doing the right thing, so you may be asked to provide a range of financial records that prove you’re worthy of protection. Depending on the kind of bankruptcy you file for, you may still have to pay off certain debts, so it’s wise to hammer out a workable plan with the help of an experienced legal advisor.
Trust The Rockwell Legal Group to guide you forward.
Bankruptcy may be a complex area of the law, but it’s not impossible to navigate properly and come out on top. Are you ready for a free case evaluation from an experienced professional? Talk to our team members about your filing options today.