Newport Law specializes in bankruptcies that provide relief for homeowners and their businesses. Whether Chapter 7, Chapter 13 or Chapter 11 is appropriate, an experienced Newport Law attorney is prepared to see your case through. We’ll help file, process and negotiate your bankruptcy on the way to a fresh start.
Sometimes a sudden loss of income descends on us. A financial hardship hits unexpectedly. There are numerous reasons why we may find ourselves in a financially vulnerable position. But the law does give us opportunities to recover. There are different bankruptcies for different needs.
- Chapter 7 Bankruptcy: a plan to liquidate some assets while discharging large portions of unsecured debt.
- Chapter 13 Bankruptcy: the wage earner’s plan, for those with a consistent income but excessive debt.
- Chapter 11 Bankruptcy: a debt reorganization plan for businesses and high net worth individuals.
Bankruptcy does not mean you’ll be stripped of everything you cherish. There are ways to protect property and preserve earnings for your future.
Every bankruptcy carries repercussions. Some liquidation may be required by your repayment plan. But the consequences may be worth the financial freedom within reach.