Bankruptcy is a procedure established by the Federal Laws usually triggered by insolvency, by which a person is relieved of most of his debts and undergoes a judicially supervised, reorganization or liquidation for the benefit of his or her creditors.
The filing of a petition for protection under the Bankruptcy Laws is neither shameful nor a blemish on an individual, but a constitutional right afforded to a debtor to clear his debts and have a fresh start in life.
There are however rules, exceptions and obligations attached to these great benefits.
Our firm is experienced in the preparation, filing and processing of Bankruptcy Petitions and in fighting for our clients in Bankruptcy Court, in adversarial proceedings.
After an initial consultation we can determine what is most beneficial to your interests and upon the filing of a petition for bankruptcy protection, all lawsuits and legal proceedings against you, your bank account, your salary, etc., will be stopped. That is known as "Automatic Stay".