At Mishiyeva Law, we work with individuals and small businesses to find debt relief solutions so they can get back on track with their finances. Through bankruptcy, loan modification, and other alternatives, we can help you avoid foreclosure, repossession, and stop your wages from being garnished. It is easy to feel overwhelmed when you do not have enough money to pay your bills.
Creditors will pressure you to pay money you do not have. You may fear answering your phone or opening your mail. You may have endured sleepless nights thinking of how to regain control of your finances. Thankfully, under current Bankruptcy laws, you can take control of your finances and enjoy a stress free financial future.
Creditors will pressure you to pay money you do not have. You may fear answering your phone or opening your mail. You may have endured sleepless nights thinking of how to regain control of your finances. Thankfully, under current Bankruptcy laws, you can take control of your finances and enjoy a stress free financial future.
Services
Individual Chapter 7 Bankruptcy
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By filing for a Chapter 7 Bankruptcy, you can eliminate unsecured debts such as credit cards, medical bills, and personal loans. In majority of cases, you will get to keep your home, your car and your personal belongings. You must be eligible to file for Bankruptcy and the criteria varies depending on the type of case you want to file.
Chapter 13 Bankruptcy
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If you own significant assets, then a Chapter 13 Bankruptcy may be the best route for you. Instead of trying to keep up with monthly payments to various lenders and creditors, a Chapter 13 Bankruptcy filing creates a single monthly payment "plan" by which certain debts are paid over a 3-5 year period.
Chapter 7 Bankruptcy
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A Chapter 7 Bankruptcy filing is proper when a business has no plans of continuing operations and lacks significant assets. If your business structure is that of a sole proprietor or a partnership, then chances are that the debts that you incurred for your business are of personal nature. There is no corporate entity to shield you from personal liability.
Chapter 11 Bankruptcy
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Chapter 11 is designed to work for large business owners as well as small business owners. A corporation as large as General Motors or the corner store may file a Chapter 11 Bankruptcy. A business such as a corporation, limited liability company (LLC), or a partnership in serious financial condition may continue to operate without the danger of immediate closure by any of its creditors.
Faqs
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Bankruptcy is a legal remedy afforded to individuals and business suffering from debt. By filing for bankruptcy, you may be able to completely eliminate most your debt, if not all, or agree to a payment plan to pay all debts to your creditors over a fixed amount of months. If you are trying to file for a Chapter 13, then you must wait four years from a prior Chapter 7 filing, or two years from a previous Chapter 13 filing.
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