Attorrneys Samuel G. Firebaugh & Roberta W. Andrews specialize in bankruptcy: Chapter 7, Chapter 13, Business Bankruptcy, stopping foreclosures, garnishments, and harassment by creditors. Bankruptcy is often the most effective tool for obtaining relief from oppressive debt. We offer a Free Consultation where the benefits of filing bankruptcy will be reviewed by one of our attorneys on a case-by-case basis with a full review of all your options. Give us a call and ask to speak to either Sam or Roberta. We maintain a small firm that provides you with personal service from your first phone call to completion of your case.
Chapter 13 allows you to reorganize you debts into one affordable payment plan If you need time to catch up on your mortgage payments, restructure a car loan, pay past due taxes, or consolidate and reduce credit card payments, Chapter 13 may be your best option. Chapter 13 allows you a time frame of 3 to 5 years to pay your creditors only as much as you can afford to pay while preventing creditors from harassing you. Your attorneys will safeguard your interests and make sure Chapter 13 is the right choice In order to qualify for Chapter 13 you must have a regular source of income. Your attorneys will advise and assist you prepare a budget, fill out the required forms and pleadings, and appear at the required court hearings. After all of your payments have been made according to your approved plan, you will be eligible to receive a discharge from your debts and the paymnet plan will be terminated. If you want to know if Chapter 13 Bankruptcy is the right choice for your financial circumstances, you will first need to discuss your financial goals with an attorney. Firebaugh & Andrews will be able to guide you to find the solution that best fits your financial situation.
Chapter 7 Bankruptcy is known as straight bankruptcy as well as liquidation (converting assets into money) and it is the most common form of bankruptcy. Certain property is protected or “exempted” from liquidation. Most people who are eligible for Chapter 7 are able to file bankruptcy, keep all of their assets, and discharge all of their debts. Most, if not all debts are discharged within months of your attorney filing a bankruptcy petition. Chapter 7 of the bankruptcy code allows debtors who are in need of discharging debts within a situation of financial emergency to become free and clear of these debts and to become able to begin a fresh new financial start.
If you are concerned about your finances, Contact Us for a free phone consultation. You will speak directly with Sam or Roberta, attorneys who will answer all the questions that you have about filing Bankruptcy and whether it is right for you. Call us today at 734-722-2999
May 11, 2017
Chapter 7 and Chapter 13 bankruptcy will stay on your credit report for the same amount of time; about ten years. Although they both have the same effect on your credit score, a particular creditor reviewing your report to decide whether to lend you money might view one chapter more favorably than the other. In … Continue reading Will chapter 13 be better for my credit score then filing for chapter 11 bankruptcy?Read More
Every year, millions of students are convinced to take on student loans with promises of huge salaries upon graduation, but often the reality is a bit different and these same students are left with an enormous debt and little or no means of repayment. Indeed, these debts can last for decades. Millions cannot afford to … Continue reading What circumstances will allow you to include your school loan in your bankruptcyRead More
April 4, 2017
Corporate Boards of Directors always have complicated decisions to make. However, those decisions become incredibly more complex when the company has entered a “zone of insolvency” and is considering bankruptcy. Generally, Boards of Directors owe a fiduciary duty to the company’s shareholders. That means that they must make decisions for the company based on a duty of … Continue reading Zone of Insolvency – How to Conduct Business When Bankruptcy is a Looming PossibilityRead More
March 4, 2017
If you plan to file for bankruptcy, you may be worried about what affect it might have on your job. Will your employer find out about your Chapter 7 or Chapter 13 bankruptcy? Can you be fired because of the bankruptcy? And what if you are applying for a job — can a employer deny … Continue reading Will Bankruptcy Affect My Job or Future Employment?Read More
February 10, 2017
What can be more pathetic than being bankrupt? It has to be making the decision to file for bankruptcy. And what can make it more pathetic is to find a good bankruptcy lawyer for this purpose. In this 21st century of cut throat competition it might not take long for an individual to file a … Continue reading Why hire a bankruptcy lawyer?Read More
Was not sure if I needed to file chapter 7 bankruptcy, I was stressed out the past 6 months with constant collection calls, after discussing it with Roberta it became clear it was the only way to move forward.- Melinda Lewis,
Much to our surprise we were able to restructur
A Chapter 7 bankruptcy begins upon filing a bankruptcy petition. Once the petition is filed, the court will issue a case number and an automatic stay is invoked. The automatic stay prohibits creditors from collection activity. This affords the Debtor … Continue reading
Divorce often puts tremendous strain on both spouse’s finances. One spouse is suddenly paying alimony, spousal or child support, while the other may be scrambling to find a job after staying home with the kids for years. Both have increased … Continue reading
t is possible to file bankruptcy without paying the attorney fee in full. Generally, the attorney fee must be paid in full prior to filing the bankruptcy. This is because any fee owing at the time the bankruptcy is filed … Continue reading
The Bankruptcy Code requires a debtor to treat all like creditors alike. This means you cannot chose to list some creditors in a bankruptcy while keeping other creditors out of the bankruptcy. The Bankruptcy Code requires a debtor to list … Continue reading