The Blog

We wanted to be sure that you were aware that we are expanding our practice to include Chapter 7 and Chapter 11 Individual Bankruptcy Representation, in addition to our longstanding practice of Real Estate Law which includes short sales, loan modifications and purchases and sales, among other services. Importantly, this will provide us with another in-house tool to prevent foreclosures.

Bankruptcies are an often-misunderstood area of the law. In both Chapter 7 and Chapter 13 Bankruptcies, there is a detailed accounting of all your debts, incomes, assets and expenses. Depending on your financial situation, and your ability to repay debts over time, we will help you decide whether to file a Chapter 7 Bankruptcy, which is basically described as liquidation, where all debts are discharged outright and certain personal property can be exempted; and a Chapter 13 Bankruptcy, which is essentially a structured repayment plan, and can allow you to avoid foreclosure while keeping your home and other assets when possible.