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Bankruptcy Law

The Managing partner of Consumer lawyers of America P.A. is a licensed Bankruptcy Attorney and can assist clients throughout the United States. A business or an individual can file for Bankruptcy once they have ascertained that it has become impossible to pay off one’s creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after you file for bankruptcy.

Chapter 7, or liquidation bankruptcy, means that your “estate” — i.e., your assets — is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors’ needs are assessed. Reorganization bankruptcies can be filed under the following guidelines: Chapter 11 — businesses and individuals with many assets

Chapter 13 — individuals with steady income

Contact us today to learn more about your options under the current bankruptcy laws. We’re here to help. Make sure you work with a qualified Bankruptcy Attorney.

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DISCLAIMER: Legal information is not the same as legal advice! The information on the Consumer lawyers of America Web Site, the Law Firm of Henry N. Portner, PA is provided with the understanding that the authors and publishers are not herein engaged in rendering legal advice.

We may offer our opinion on; Loan Modifications, short sales, deed in lieu, reinstatement of loan or general pre-foreclosure information. As such, the information presented here should not be used as a substitute for consultation with professional legal assistance or other competent adviser. While we have made every attempt to ensure that the information contained on this Web Site has been obtained from reliable sources, we are not responsible for any errors or omissions, or for the results obtained from the use of this information.

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