Filing bankruptcy can be a very difficult decision to make. If you are a casualty of the times – jobless, behind on mortgage payments and continually harassed by creditors – you should consider the debt relief strategies of Federal bankruptcy protection.
During your initial consultation with the Cox Law Group you will need to bring all pertinent documents relative to your financial situation. We will then review all possible options. After careful analysis we will thoroughly discuss all possibilities for your case. We will focus on stopping the foreclosure and sale of your home.
Chapter 7 Bankruptcy, often called “liquidation” bankruptcy, is available to all individuals, couples, partnerships and corporations. This features property exemptions that allow you to keep certain assets and allows for elimination of medical and credit card debt.
Chapter 13 Bankruptcy, a debt repayment plan which typically involves a three to five year period after which your debts are considered paid. If you qualify for Chapter 13 bankruptcy, our attorneys can guide you through the process and help you protect your home and allow you up to five years to repay your home mortgage
Chapter 11 Bankruptcy, a reorganization method used primarily for business and individuals, with large debt and assets, who not meet the asset and debt limitations of Chapter 13. This method offers the option of catching up on past due obligations, selling a piece of property or dealing with delinquent taxes while keeping a business operating.