What Is Bankruptcy? The problem: OUTFLOW EXCEEDS INFLOW To the electrician this indicates: OVERLOAD To the banker this indicates: OVERDRAFT And to you, this indicates: OVERBURDEN Recognizing this, the Federal Government has created a number of laws that permit you to deal with this problem by: - Reorganizing Debt, or
- Consolidating Debt, or
- Eliminating Debt, or
- A Combination of the Above
The Bankruptcy Laws are intended to give you A FRESH START - There is NO FAULT FINDING
- There is no determination that YOU ARE BANKRUPT
The idea is to allow you the opportunity to REGROUP and REVIVE. Bankruptcy laws offer an Option that Conforms with Your Objectives & Needs: | Pay Creditors what you can afford not what they demand | -Chapter 13 | | Dump your debt | -Chapter 7 | | Save your house | -Chapter 13 | | Lots and Lots and Lots of Secured Debt | -Chapter 11 | | Farmer? | -Chapter 12 | | To manage taxes | -Chapter 13 | | To dispose of taxes | -Chapter 7 | | To rewrite secured notes | -Chapter 13 |
These, of course, are simplifications, and certainly not comprehensive. Consult a Professional…It will be worth the money you spend. Call me NOW for a FREE consultation
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