Law Offices of Terrence Fantauzzi
A Bankruptcy Attorney Who’s on Your Side
About Us
An Experienced Bankruptcy Attorney You Can Count On
A successful bankruptcy filing could halt all current and future collection efforts and result in the discharge of most forms of debt. A bankruptcy lawyer could guide you through the debt relief process. Reach out to a dedicated attorney to learn more about your bankruptcy options.
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Bankruptcy Protections for Individuals and Couples
Personal debt can place a significant strain on individuals and couples. Falling behind on bills can result in ceaseless collection calls, threats of lawsuits, and even wage garnishments. Fortunately, it is possible to apply for a discharge of many forms of debt through a bankruptcy petition. There are two main forms of bankruptcy that individuals and couples use—Chapter 7 and Chapter 13.
A Chapter 7 bankruptcy is available to most petitioners. In this form of debt relief, the court may order the liquidation of some assets to pay creditors. Even so, petitioners have the option to claim certain assets as exempt from this process.
Under a Chapter 13 bankruptcy petition, the court will approve a payment plan that the petitioner will pay into every month. After completing this plan, the eligible debts listed on the petition may disappear. A dedicated attorney could help individuals and couples pursue debt relief through either of these forms of bankruptcy.
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Bankruptcy News
Weighing Your Options: Is Foreclosure or Bankruptcy the Better Choice?
When facing financial hardship, one of the first questions to ask yourself is: What is my house worth? If your home’s value has decreased significantly and you have little to no equity, it might make sense to walk away from the investment. In this case, allowing the...
The Probate Process: What Families Should Expect After Losing a Loved One
Probate is a court-supervised process that occurs after someone passes away, ensuring the proper transfer of their assets. It involves validating the decedent’s will, appointing an executor or personal representative, and ensuring that any debts, taxes, and other...
Is Borrowing from Friends and Family the Best Way to Avoid Bankruptcy?
When financial struggles become overwhelming, the idea of borrowing from friends or family may seem like a quick and easy solution. Loved ones are often eager to help, and accepting their financial support might feel less daunting than seeking loans from banks or...
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