Law Offices of Terrence Fantauzzi
A Bankruptcy Attorney Who’s on Your Side
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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
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a form of debt relief designed to help individuals and families eliminate overwhelming unsecured debt and get a fresh financial start. Often referred to as “liquidation bankruptcy,” Chapter 7 allows eligible filers to discharge many common...
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a form of debt reorganization designed for individuals with regular income who need time and structure to repay their debts. Instead of eliminating debts immediately, Chapter 13 allows filers to create a court-approved repayment plan that...
Will I Lose My Home or Car If I File for Bankruptcy in California?
One of the most common fears people have about filing for bankruptcy is the possibility of losing their home or car. For many individuals, these assets are essential to daily life, employment, and family stability. The good news is that bankruptcy does not...
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