Every day, Michael B. Manes, P.A. bankruptcy law trustees provide relief to businesses, families and people like you who are thinking about declaring bankruptcy. Our services are completely confidential. We work to quickly eliminate the exhaustion and stress you feel from being consumed by debt and harassed by creditors. When you’ve reached your tipping point and want to make a positive impact that can significantly better your current and future financial standings, we are among the top referred bankruptcy law pros, here to put the wheels in motion for you right away!
Bankruptcy Law Basics
Bankruptcy law is in place to offer financial unburdening, providing citizens and companies with the opportunity to liquidate assets to pay off debt or to establish a functional re-payment plan. When you file, bankruptcy law keeps creditors from contacting you, giving you the space you need to re-establish your financial plan and the breathing room to make it a reality.
Understanding Bankruptcy Exemptions
Bankruptcy exemptions give you the ability to protect a limited number of your belongings, up to a certain value. They are divided into categories and are applicable depending on where you live. Here is a list of some of the most common options:
Benefits and Support
Consult with us for more information on specific exemption amounts, and the qualification process for your specific circumstances.
Discharged Bankruptcy Time Frame
What is discharged bankruptcy and how long does a discharge take? This depends on which type of bankruptcy you are filing for. Discharged bankruptcy timing can vary, but typically takes four months for Chapter 7, and four to five years for Chapter13, depending on the length of the re-payment plan you have negotiated.
The Best Local Bankruptcy Attorney
We’re here to help. Retaining a local bankruptcy attorney takes the pressure off of you immediately. We’ll get rid of those annoying creditors once and for all, and help you determine which of several types of bankruptcies is most suitable to your situation and long-term goals. When your future is on the line, don’t settle for anything less than an affordable local bankruptcy attorney with a proven track record for outstanding results in bankruptcy court.
What is Chapter 13 Bankruptcy?
Chapter 13 Bankruptcy is a three- to five-year investment that allows you the potential to protect your home from foreclosure, renegotiate lower interest rates for your car loan and address outstanding tax debts with new manageable monthly payments. As soon as your file is underway, Chapter 13 Bankruptcy mandates collectors to cease contact with you.
File for Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is the most commonly employed option available to you. From start to finish, it typically takes around six months to complete and involves a pretty heavy amount of paperwork. This process requires a trustee who is responsible for liquidating your assets, using the revenue from the sale of your belongings to pay the creditors you owe.
To inquire about any aspect of bankruptcy law and how it can affect you, give us a call for more information. Our friendly staff goes above and beyond to make you feel comfortable and confident in your decision to take your financial trajectory into your own hands.
Let us help you with expert advice and legal solutions