Bankruptcy
Bankruptcy is a serious matter which can affect many individuals and businesses. Whether you are experiencing financial hardship personally or as a business owner or you have a claim that is involved in a bankruptcy case, the bankruptcy attorneys of Breen Olson & Trenton, LLP have the necessary skills and expertise to represent your interests.
We can evaluate and recommend to you whether you should consider a business or an individual Chapter 11 bankruptcy or if there are other strategies that would accomplish the same objectives. Our team of experienced legal, financial, and business bankruptcy lawyers will carefully evaluate your situation and provide you with the positive and negative aspects that are involved with sometimes difficult decisions.
The most effective strategy that you can employ in a financially distressed situation is to address it honestly and early. As soon as you spot trouble you should explore and understand your options while there is still time to influence the outcome
Our team of experienced legal, financial, and business professionals will carefully evaluate your situation. We will explore any non-bankruptcy strategies with you, and advise you about the different bankruptcy options if it is prudent to file. Although this may be a very stressful time, the attorneys of Breen Olson & Trenton will take every step to protect your interests and keep you informed.
Chapter 11
Filing for bankruptcy is a humbling experience, but it’s one that can save your business if you do it right. Chapter 11 bankruptcy provides the protection of reorganizing a business while continuing operations. A Chapter 11 may also be available to an individual in certain circumstances.
However, prior to filing for Chapter 11 protection, there may be an opportunity to restructure out of court. Before filing, Breen Olson & Trenton will evaluate your individual circumstances to determine if your creditors are willing to modify or cooperate in a restructuring.
From our experience and perspective the earlier that you initiate the planning process prior to filing if required the higher the success.
Chapter 7
Basics: A Chapter 7 bankruptcy will discharge most types of unsecured debt. It can be especially helpful for people who have high unsecured debts like medical bills, credit card debt and unsecured personal loans. Many people do not realize that in a typical Chapter 7 bankruptcy case can be completed in a few months and many Chapter 7 debtors keep all or most of their property.
Chapter 7 bankruptcy provides relief to hundreds of thousands people each year that are in difficult financial circumstances. In most Chapter 7 cases, the automatic stay goes into effect immediately, stopping creditors and debt collectors in their tracks.
If that sounds like the kind of breathing room you need, just fill out the form above to speak to one of our bankruptcy lawyers.
Chapter 13
Basics: In Chapter 13 bankruptcy, you repay your creditors (some in full, some in part) through a Chapter 13 repayment plan. The Chapter 13 payment plan lasts three or five years but allows for you to retain any properties that you can afford to keep. Chapter 13 can stop a foreclosure and allows you to make up past due mortgage payments through your repayment plan.
Chapter 13 bankruptcy provides relief to hundreds of thousands people each year that are in difficult financial circumstances. In most Chapter 13 cases, the automatic stay goes into effect immediately, stopping creditors and debt collectors in their tracks.
If that sounds like the kind of breathing room you need, just fill out the form above to speak to one of our bankruptcy lawyers.
