The law provides relief for individuals and businesses seeking protection from their creditors. The various forms of bankruptcy allow debtors to eliminate or restructure their debts and move forward. Montgomery Law Firm, LLC, Esq. handles most types of bankruptcy filings on behalf of clients who are facing excessive debt, foreclosure, garnishment of wages or the failure of a small business.
We understand that the road that brought you to your search for a bankruptcy attorney was a very bumpy and pretty scary one. You’re likely frightened, intimidated, perhaps embarrassed, and no doubt feeling overwhelmed. But there is a way out–there are real solutions–and the good news is, you’ve already taken the first and most important step toward solving your financial problems: you’ve recognized your need for some help, and you’re visiting our website. The dread of potentially losing your home, the incessant harassment from creditors, the lawsuits, wage garnishments, bank levies–we understand how stressful they are and the damage they can cause to your health, your work performance, your marriage, and your reputation in the community. We can help in a very tangible way.
Types Of Bankruptcy Filings
Chapter 7
This type of consumer bankruptcy liquidates most debts, allowing the debtor to make a fresh start. It is often called “liquidation.”
Chapter 13
This type of bankruptcy allows debtors to reorganize their debts, helping them develop a payment plan for three or five years that repays some or all of the debt. This type of bankruptcy is sometimes known as a “payment plan” bankruptcy.
Chapter 11
This type of bankruptcy is intended to help businesses reorganize. It may be initiated by the business owner or by creditors seeking payment. It is also known as “reorganization” and may apply to some individuals with a large amount of debt.
Discharge Violation
As a consumer who has gone through the bankruptcy process you are protected under your Bankruptcy Discharge and the Fair Debt Collection Practices Act (FDCPA). You have rights that protect you from the harassment of debt collection.
Answering Questions And Guiding Clients Through Bankruptcy
The law provides relief for individuals and businesses seeking protection from their creditors. The various forms of bankruptcy allow debtors to eliminate or restructure their debts and move forward.
We work with clients to be sure they understand the bankruptcy choices that are available to them under California and Federal law. We educate them about the benefits and disadvantages of each type of filing so that clients know what to expect.
