Bankruptcy
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Bankruptcy
Considering bankruptcy most likely means that you and/or your family are in the middle of a financial crisis. This could be due to the loss of a job, an illness, or any number of things beyond one’s control. With bills piling up and the creditor’s team of lawyers behind them, the stress can almost feel unbearable. The bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC can help you regain financial peace of mind and put a stop to all the collections calls. In many cases, the bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC can stop foreclosure, auto repossession, and wage garnishment.
We understand that bankruptcy is a confusing process, and our objective is to make it as simple and painless as possible. Contact us to schedule a free consultation today and find out whether a Chapter 7, Chapter 11, or Chapter 13 bankruptcy is right for you.
Our Areas of Expertise
Just like with any case, a dispute can arise in a bankruptcy case. The difference here is that the bankruptcy courts have developed a specific set of proceedings to deal with these disputes. An adversary proceeding can be used for any number of reasons such as determining if a claim is secured by an asset, determining dischargeability, or recovering assets. Their complex and technical nature make them difficult for an individual or business to navigate alone. The bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC are experienced in all aspects of adversary proceedings and can advise you effectively. Contact our office by phone or e-mail to schedule your initial consultation and learn more about how our attorneys can help.
A Chapter 7 bankruptcy is often referred to as a complete or total bankruptcy. If you qualify for Chapter 7 in most cases, you can keep your house and car while getting rid of your remaining debt. There are, however, certain debts that are considered “non-dischargeable,” including student loans and other support obligations, such as child support. In order to determine if you qualify for a Chapter 7 bankruptcy and get a fresh start by discharging your debt, contact the bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC today.
A Chapter 11 bankruptcy is reserved for restructuring the debt of corporations (like GM, Chrysler, United Airlines, Delta Airlines) or individuals with more than $383,175.00 in unsecured debt or $1,149,525.00 in secured debt. These individuals do not qualify for a Chapter 13 bankruptcy and therefore look to Chapter 11 to restructure. Chapter 11 has several additional disclosures and procedural requirements that are not contained in a Chapter 13. The bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC can assess whether Chapter 11 Bankruptcy is an option for you. Contact our office by phone or e-mail to schedule your initial consultation and learn more about how our attorneys can help.
A Chapter 13 Bankruptcy is often used to immediately stop a foreclosure and save your home. This is because a Chapter 13 bankruptcy is a wage earner’s plan or repayment plan. By restructuring your debt into a three to five-year repayment period, you are able to make one payment for all of your creditors and resume your regular mortgage payment. This is possible because the amount you are behind on your home (known as “arrearage”) is added to the Chapter 13 payment plan. The bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC can even review your circumstances and determine if a Chapter 13 bankruptcy and determine if your second lien or a judgment lien can be removed from your home. Whether you are behind on your mortgage, you have a sale date pending, or judgment liens are piling up, you have options.
Affordable Payments
Chapter 13 Plan payments are designed to be affordable so that you can realistically regain financial freedom. The amount you repay is determined based on your household income and expenses. Therefore, you may be paying little to nothing to your credit cards, medical bills, and personal loans. Instead, at the end of your Chapter 13 Plan, these debts would be discharged, and you would no longer owe them.
Finding a solution to a financial crisis can be challenging on your own, but our experienced bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC can help you determine the best path and get you back on your feet. Contact the bankruptcy attorneys at O’Hara Taylor Sloan Cassidy Beck PLLC today.