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
The Automatic Stay Explained: How Bankruptcy Immediately Stops Creditors, Lawsuits, and Wage Garnishments
One of the most powerful protections provided by bankruptcy law is the automatic stay. For individuals and businesses overwhelmed by creditor pressure, the automatic stay offers immediate relief by stopping most collection actions the moment a bankruptcy case is...
Small Business Bankruptcy for Sole Proprietors: Protecting Personal Assets While Addressing Business Debt
For sole proprietors, business debt and personal debt are often inseparable. Unlike corporations or LLCs, a sole proprietorship does not create a legal wall between the owner and the business. When financial trouble hits, creditors can pursue both business assets and...
Chapter 13 Bankruptcy as a Financial Reset: Catching Up on Mortgages, Cars, and Priority Debts
For individuals who have fallen behind on important financial obligations but still have reliable income, Chapter 13 bankruptcy can serve as a powerful financial reset. Unlike Chapter 7, which focuses on eliminating unsecured debt, Chapter 13 allows filers to...
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