FILING FOR BANKRUPTCY

McMillan Law Group has represented hundreds of consumers and small businesses in their bankruptcy filings. What separates McMillan Law Group from other firms representing clients in these matters is that from day one to day of completion, you deal with the attorney who will be representing you throughout your case. The firm has represented hundreds of debtors, creditors and also Chapter 7 Trustees. Accordingly, we have experience examining cases from all sides. Our online reviews speak for themselves. Bankruptcy is something that no one wants to talk about. The stigma associated with bankruptcy is that of failure. Such is an unfair assessment. Your right to file for bankruptcy was carved into Article One of the U.S. Constitution. The alternative is Debtor’s Jail. We do not live in such a backward society.

We live in an entrepreneurial capitalist system. Such demands that consumers and small businesses be able to seek Federal Bankruptcy Protection. The law understands that life happens. Whether it is a job loss, involuntary business closure, unexpected medical bills, the law wants you to carry on with life. The laws allow you to absolve yourself of debt, keep assets, and essentially hit the reset button on your financial world. Filing for Bankruptcy is not right for everyone. But it is important that you speak to a knowledgeable and experienced attorney about your immediate situation before making the decision to file. Consultations are free, so call +1 619-795-9430 now to schedule a time to speak to an attorney about your situation.

Chapter 7 Bankruptcy:

Chapter 7 Bankruptcy is often referred to as the “Fresh Start”. If you qualify for this form of bankruptcy relief, you can emerge debt free within 120 days of the filing of your case. Certain debts such as new taxes and student loan debt are excluded from discharge, but for the most part, all of your debt will be discharged. It also provides remedies for judicial liens, cram down of secured debts and discharge of certain tax debts.

Chapter 13 Bankruptcy:

Chapter 13 Bankruptcy is a form of debt reorganization. This form of filing is appropriate for those whose assets exceed the exemption limits, or those who simply need time to catch up on mortgage payments, car payments, or rent payments. The Code allows you to spread delinquency over a period of up to 60 months. Under Chapter 13, it is also possible to remove 2nd mortgage liens (in certain circumstances) and provides leverage for dealing with certain tax debts.

Chapter 11 Bankruptcy: