Lubna Manasawala
Attorney at Law

Bankruptcy (Chapters 7 and 13)

Chapter 7

Lost your job? Hours cut back? Unforeseen medical emergency? Bit off more debt than you can chew?

If you answered “yes” to any of these questions, then a Chapter 7 bankruptcy may be right for you. A Chapter 7 bankruptcy will not only provide you with an opportunity for a fresh start, but it will also stop harassing phone calls from debt collectors, collection agencies and credit card companies, as well as allow you to quit paying those outrageous interest rates and penalties credit card companies charge.

Chapter 13

A serious economic downturn affects almost everyone, and today many people who earn regular, substantial income are in dire straits. Unlike a Chapter 7 proceeding, a Chapter 13 "wage earner" bankruptcy requires a payment plan to satisfy certain priority and secured debts and some portion or all of your unsecured debts. In addition, it does offer many of the same key benefits, including stopping creditor harassment and garnishments.

If you are wondering whether bankruptcy can help save your home, other assets, and assist in your financial recovery, we encourage you to contact us today for quick answers and solutions to your questions and problems!