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The knowledgeable bankruptcy lawyers at Wise Laws deal with bankruptcy representation to customers and business owners who can no longer achieve the weight of their debts. If you are contemplating bankruptcy anywhere, communicate right away with bankruptcy lawyers at Wise Laws.

There are six types of bankruptcy

  • Chapter 7: Basic liquidation for individuals and businesses; also known as straight bankruptcy; it is the simplest and quickest form of bankruptcy available
  • Chapter 9: municipal bankruptcy; a federal mechanism for the resolution of municipal debts
  • Chapter 11: rehabilitation or reorganization, used primarily by business debtors, but sometimes by individuals with substantial debts and assets; known as corporate bankruptcy, it is a form of corporate financial reorganization which typically allows companies to continue to function while they follow debt repayment plans
  • Chapter 12: rehabilitation for family farmers and fishermen
  • Chapter 13: rehabilitation with a payment plan for individuals with a regular source of income; enables individuals with regular income to develop a plan to repay all or part of their debts; also known as Wage Earner Bankruptcy
  • Chapter 15: ancillary and other international cases; provides a mechanism for dealing with bankruptcy debtors and helps foreign debtors to clear debts.

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    Filing for Bankruptcy

    How to Find a Bankruptcy Lawyer

    There is no instruction about when or for whom bankruptcy is correct. A good bankruptcy lawyer will appraise your individual conditions prior to advising any specific legal complementary. In some conditions bankruptcy is the only choice; in other situations, another method may be less expensive and equally promising. Find a good bankruptcy lawyer can help you make the right choice.

    Chapter 7 Bankruptcy is the most everyday form of bankruptcy and was planned to provide persons with a way out from the problem of debt they can no longer pay. It is usually the fastest form of bankruptcy and permits individuals to eliminate debt

    Chapter 13 Bankruptcy will aid you to reorganize your bills, end foreclosure, repossessions, garnishments and high credit card interest in as little as one day.

    It costs nothing to start the bankruptcy process with a free lawyer consultation. Let us help you reinstate your financial health.


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