Law Office of Mark W. Ford

Bankruptcy Can Provide You With A New Beginning!

Bankruptcy claims are filed in the Federal Court System as a solution to insolvency. There are various types of bankruptcy and reviewing your finances, assets, and delinquencies with a qualified and experienced attorney can help you determine the best course of action to resolve your financial issues.

Several of the most well known types of bankruptcies are chapter 7, chapter 11, and chapter 13 bankruptcies. A chapter 7 bankruptcy is filed by an individual or company and a trustee assigned to the case assists in determining which assets will be liquidated and which are exempt in paying off debts and creditors. When a company files a chapter 7 bankruptcy, it indicates the company will be selling all assets, paying off debt collectors and going out of business. In a chapter 13 bankruptcy, the individual expects to have future income allowing him to pay off debt within a 3-5 year time period. Under supervision of the court, finances are re-organized and a payment schedule is devised.

At the Law Offices of Mark W. Ford, we offer legal services in bankruptcy. We welcome the opportunity to discuss your financial issues through a free, no obligation consultation. Please call our office to arrange an initial free phone consultation.

Lawyers

Mark W. Ford

Free Case Review

Location : Gloucester City, NJ

Practice Areas: Bankruptcy, Foreclosure