BANKRUPTCY RELIEF

Law Offices of Lee S. Kaplan, P.C. strives to give relief to its clients who face financial difficulties in this challenging economic environment.

Whether you are experiencing trouble paying your mortgage, car loan or credit card debts, the bankruptcy laws exist to assist you in obtaining a fresh start or crafting a plan to stabilize your economic situation.

Consumers typically have two options when seeking bankruptcy relief. Consumers will either file for Chapter 7 or Chapter 13 Bankruptcy relief.

Chapter 7 Bankruptcy allows the consumer over a three or four month period of time, to wipe out most debts by having the United States Bankruptcy Court issue a Discharge of Debt. This option should be chosen by the consumer who is overwhelmed by debt and wishes to obtain a fresh start. A consumer filing for Chapter 7 Bankruptcy can keep his/her property that is exempted by federal or state law. Attorney Kaplan will advise you on what property you can protect from liquidation or sale.

Chapter 13 Bankruptcy allows the consumer who has regular income to have the United States Bankruptcy Court to approve a three to five year plan which allows certain past due debts to be paid off over a period of time and other debts to be satisfied by only paying a portion of the total amount owed. This option should be chosen by a consumer who has fallen behind on mortgage or car loan payments and needs a substantial amount of time to repay the past due portion of these debts to the creditor. Chapter 13 is also chosen by those consumers whose incomes are too high to allow a Chapter 7 filing and need to pay off a portion of his/her debts over a period of time and then have those debts discharged.

Attorney Lee S. Kaplan will personally analyze your economic situation and will provide a customized bankruptcy relief package to get you a fresh start or stabilize your economic situation.

Contact Attorney Kaplan today to be arrange for your free consultation.