What Bankruptcy Lawyers can do to help

At Ferguson & Ferguson our consultations in Bankruptcy cases are conducted with our attorneys in person. Our bankruptcy lawyers will help you understand your Chapter 7 and Chapter 13 options. Chapter 7 bankruptcy, also called "straight bankruptcy" is a liquidation bankruptcy proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who converts it to cash to distribute to creditors. At the end of the proceeding the debtor receives a discharge of indebtedness for all dischargeable debts, releasing him or her from personal liability for those debts. Chapter 13 bankruptcy differs from Chapter 7 in the respect that it enables the debtor to keep assets like a house, while making payments to creditors based on the debtor's anticipated income over the life of the plan. The debtor pays money to the trustee who pays the creditors through a three to five year plan. Our bankruptcy attorneys believe personal attention is required in such sensitive and often overwhelming situations. During said consultations we are able to listen to your story, review pertinent foreclosure information and documents, offer you advice and discuss your alternatives. Many times going bankrupt is not the solution. If bankruptcy is right for your situation however, our experienced bankruptcy staff can assist you in setting up credit counseling and in obtaining an up-to- date copy of your credit report so that the Bankruptcy process goes smoother and is less stressful for you. No two Bankruptcy cases are alike. Your case deserves personal attention from an experienced attorney and staff. If you are a consumer facing foreclosure, liens, lawsuits, repossession or wage garnishment, our experienced bankruptcy lawyers can find the best option to help eliminate your debt.