Bankruptcy is a legal proceeding that allows a person who cannot pay his or her bills a  fresh financial start by eliminating some or all of their debts. A bankruptcy proceeding starts with filing a petition in bankruptcy court. Bankruptcy laws are extremely complex — which is why hiring experienced bankruptcy attorneys to handle your bankruptcy will make the process go more smoothly. Rotstein Law Office, P.C. handles bankruptcy cases for individual clients and small- and medium-sized businesses.

Read on to learn more about the different types of bankruptcy:

Chapter 7  bankruptcy is sometimes referred to as straight bankruptcy. Most of the time you will be able to retain your assets through the exemption process and you will be able to discharge most of your debt.=

Chapter 11 bankruptcy cases are concerned with business reorganization or high net worth individuals. In Chapter 11 cases, you provide a plan of reorganization for your company while paying off your creditors.

Chapter 13 bankruptcy cases involve creating a repayment plan for individual debtors and enable them to save their home from foreclosure.
If you have a problem with tax delinquency or have a lot of other debts and think that you may be qualified for Chapter 7, Chapter 13 or Chapter 11 bankruptcy, begin to solve your problem today by calling Rotstein Law Office at our office number (206) 579-8823 or by completing the interactive Contact Form.