Which Bankruptcy Is Right For You?
Barron & Barron, LLP, is an experienced law firm with two Board Certified Consumer Bankruptcy Attorneys and Certified Public Accountant on our staff. Our attorneys exclusively handle all Chapter 7, Chapter 11, and Chapter 13 bankruptcies for individuals, families and businesses which ensures we are highly qualified.
Barron & Barron law firm is family owned. We understand your situation and have the experience to help you regain control of your finances. Let the Barron Law Firm help you to become debt free again. We can help put you back on track to a financial freedom.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is designed for debtors in financial difficulty who do not have the ability to pay their existing debts.
The purpose of filing a Chapter 7 is to obtain a discharge of your existing debts. A discharge means you no longer have a legal obligation to pay the debt. The debt in essence is “wiped-out.” The creditor cannot contact you or sue you after you receive your discharge.
Chapter 11 Bankruptcy
Chapter 11 is a form of bankruptcy reorganization available to individuals, corporations and partnerships. It is the usual choice for large businesses seeking to restructure their debt.
The debtor usually remains in possession of their assets, operating the business under the supervision of the court for the benefit of creditors. The debtor in possession is a fiduciary for the creditors. If the debtor’s management is ineffective or less than honest, a trustee may be appointed.
Chapter 13 Bankruptcy
A Chapter 13 Bankruptcy is designed for individuals with regular income who would like to pay their agreed-to debts in installments over a period of time.
In a Chapter 13, you may be able to “cram-down” certain secured debts, paying the lesser of the value of your collateral or the secured debt. If you have had your vehicle debt for two-1/2 years, you can pay just the value of the vehicle and not the entire debt.
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Our attorneys have over 30 years of
Bankruptcy Law experience.
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