Chapter 7 and Chapter 13 Bankruptcy – Foreclosure – Car Repossession
Information regarding debt relief is available for you, and I would be happy to assist you with your financial problems. Bankruptcy is not something that anyone wants to do, but when you are in financial trouble it is an option that you should explore. Bankruptcy can give you a fresh start, eliminate your liability for existing debts, and stop collection efforts.
An Overview of My Bankruptcy Practice at the Law Office of James C. Reed
At the office of attorney James C. Reed, in Rehoboth Beach, I bring over 20 years of experience to individuals and small businesses throughout lower Delaware. I focus my entire practice on bankruptcy, helping clients stop the endless calls and letters and get a fresh financial start. I understand the emotional challenges that come with financial difficulty and work hard to be accessible and available when you need me.
I offer a free initial evaluation to every client. To set up an appointment, contact my office or call me at 302-227-2477.
Chapter 7 Bankruptcy
I handle all matters related to Chapter 7 consumer bankruptcy filings, preparing and submitting the necessary documents, acting as your advocate, and providing representation for all proceedings or hearings throughout the process. I will help you determine whether you qualify to permanently discharge debts under Chapter 7 and will ensure that all exempt assets are protected from sale. Most of my clients are able to keep everything that they own. Whether it is personal debts or debts from a business, Chapter 7 can provide the needed relief. I also represent small businesses in Chapter 7 petitions.
Chapter 13 Bankruptcy
If you fail to qualify for protection under Chapter 7 or you want to repay your creditors, I can help you file for the reorganization or restructure of your debts under Chapter 13, in an effort to keep your property, and permanently discharge (eliminate) unsecured debts that you can not afford. I will help you put together a reorganization plan, with a Chapter 13 Plan payment that you can afford, and will review all proposed repayment plans from your creditors. For more information, see my page on Chapter 13 bankruptcy.
Small Business Chapter 7 Bankruptcy
For most small businesses, the owner(s) are personally liable for the major debts. If that is the case, a personal bankruptcy may be necessary, and a business bankruptcy may not be needed. A business generally has to close in order to file a chapter 7 bankruptcy that will liquidate the company assets and pay creditors what is available from those funds.
If your financial problems have put you in jeopardy of losing your house, I can help you use a Chapter 13 bankruptcy filing to stop home foreclosure proceedings.
I also work with individuals who want to use a Chapter 7 or 13 bankruptcy petition to avoid repossession of a car or motor vehicle.
In addition, I provide advice for clients who want to avoid bankruptcy and who seek to address financial problems either through debt counseling or debt consolidation, surrender of property, deed in lieu of foreclosure, short sales, and other debt resolution options.
To learn more about our comprehensive bankruptcy services, see my pages on:
- When you should file for bankruptcy
- What property you can keep when filing for bankruptcy
- Comments from former clients
Bankruptcy can give you the fresh start that you need and deserve. Although often regarded as a last resort, you should not wait till the last minute to consider bankruptcy relief. When your situation becomes difficult to resolve, debt relief may be necessary. My advice is that you should know your options, and I would be happy to provide that information.