Bankruptcy Lawyer

Bankruptcy Provides Real Debt Relief

There are many options available for debt relief. You have probably seen them in advertising on television and the internet. Some claim to help you without the need to file bankruptcy.

The bankruptcy laws have made many people wonder whether bankruptcy is still an option. The new laws can be confusing. At The Law Office of Michael A. Perez, we take a personal approach to answering your questions about the bankruptcy laws and in explaining the debt relief options that may be available to you.  We provide Chapter 7 and Chapter 13 assistance to consumer and business clients for cases filed under the Bankruptcy Code.

Chapter 7 Bankruptcy: Chapter 7, also known as “straight bankruptcy,” is chosen for the cancellation or “discharge” of most debts. The court appoints a trustee who may sell or liquidate things that you own to pay your creditors. Because many assets are exempt under state or federal law, it is often the case that you can keep your home, car & other assets.

Chapter 13 Bankruptcy: Chapter 13 or “debt consolidation” as it is sometimes called, is a repayment plan which allows you to reorganize your debts while under the protection of the Bankruptcy Court. Chapter 13 is often chosen by people who may be ineligible for Chapter 7, or who need to protect their home or car from foreclosure or other collection activity.

How Do Bankruptcy Laws Work?

The Law Office of Michael A. Perez has over 30 years of experience with bankruptcy law, and meets with each client to review his or her individual financial situation. Michael provides a bankruptcy overview and can answer your questions and give you the legal advice that you need to help decide whether bankruptcy is right for you.

Other Bankruptcy Law Services:

• Chapter 7 consumer debt elimination
• Chapter 13 consumer debt reorganization
• Prevention of mortgage foreclosures
• Prevention of car repossession
• Prevention of wage garnishments