Filing for bankruptcy is an important decision that has significant implications for your life. But when mounting debt begins to feel unmanageable, bankruptcy can provide relief. The Law Office of Neil T. Lindquist in Washington helps you decide whether filing for bankruptcy is the most effective way for you to take control of your debt.
EXPERTS IN DEBT ANALYSIS
I assist people with overwhelming debts. I analyze your case to determine if bankruptcy will advance your immediate and long-term financial goals. We review your debts, income and expenses, and explain the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, our attorneys provide detailed information about the bankruptcy process and a complete picture of the outcome you should expect. My upfront approach to bankruptcy gives you confidence in your financial future.
NEGOTIATORS OF DEBT RELIEF OPTIONS
Bankruptcy is not your only option. I often work with creditors to develop out-of-court solutions that avoid bankruptcy. Frequently, we can negotiate a smaller debt amount payable in more manageable monthly installments.
REPRIEVE THROUGH AUTOMATIC STAY
Filing a bankruptcy petition automatically triggers automatic stay, meaning creditors must immediately stop collections letters and phone calls. I correspond with your creditors from the moment you file for bankruptcy and act entirely on your behalf.
YOUR BANKRUPTCY OPTIONS
The U.S. Bankruptcy Code provides relief for businesses and consumers. Each has different eligibility requirements and different advantages in particular situations. The most common forms of bankruptcy are:
For individuals and their spouses who own fewer assets and earn smaller incomes, Chapter 7 bankruptcy grants you relief from debts through liquidation of your assets.
For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.
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