Debt Management and Bankruptcy
You may be asking yourself “How is bankruptcy asset protection?” Simple, really. If you are reading this, you may be worried about creditors taking your “stuff” from you simply because you fell behind on your bills. We know you want to pay your bills, but you can’t for some reason. You are not a bad person, despite what the collection agencies are telling you.
We know you may be feeling guilty. Was losing your job, your fault? Did you cause the downturn in the housing market? Maybe you fell behind on your taxes. It happens. We will not judge you.
Whatever the reason, you are like millions of other American families. You may own a house, a car, furniture, appliances, or other personal items. Unfortunately, you are now in a position where you can’t keep up with the bills and the creditors are threatening all sorts of terrible things. It is causing you to lose sleep. You are stressed. Your family is stressed. You are avoiding the telephone and hoping your family or employer won’t find out.
Why live like that? Bankruptcy allows you to legally eliminate unwanted debt and to obtain a “fresh start”. Bankruptcy preserves your assets by allowing you to keep what is important to you. Of course, there are limits to what you can keep, but we will work hard to make sure you retain as much as possible. Bankruptcy resolves debt, preserves dignity and allows you to look to the future. Our clients report being much happier after bankruptcy than before they filed when they were dodging creditors on a daily basis.
Bankruptcy comes in several forms. For individuals and their families, Chapter 7 and Chapter 13 are the most common forms of bankruptcy. For large asset debtors or businesses seeking to reorganize their debt, Chapter 11 bankruptcy is available. We counsel our clients on the various forms of bankruptcy and which form is best for them.
Of course, bankruptcy is not right for everyone. Perhaps you are not eligible for bankruptcy or your debt is not high enough to warrant bankruptcy. In those cases, we provide debt management services and negotiations. We will work with each client to obtain the results they desire. If you need an attorney to defend you against a greedy creditor, we will be by your side.
How does it work?
Article I, Section 8 of the United States Constitution provides that Congress shall enact laws that establish “uniform Laws on the subject of Bankruptcies throughout the United States.” The original focus of our founding fathers was to protect creditors. However, our society has evolved and bankruptcy is now mostly used by debtors for its protections from creditors . If you follow the rules and comply with the requirements demanded by Congress, you will obtain your fresh start.
Bankruptcy allows Americans to take risks. With risk comes prosperity; and with risk comes failure. Without the protections of bankruptcy, we would not know prosperity. Bankruptcy does not reward failure, far from it. Bankruptcy allows you to get from under the weight of debt. Bankruptcy allows you to look forward and build a better future.
The Jordan Law Office represents individuals and small businesses who are experiencing financial problems. We allow you to lift the burden of debt and give you the fresh start you are seek. We provide non-judgmental counsel on the pros and cons of bankruptcy. Whether you are an individual seeking a fresh start or trying to re-organize your finances, we help you make the best decision for you, your family and your business.