Personal and Small Business Bankruptcy
Start Fresh Tomorrow. Chapters 7, 11, & 13.
We’ll help you get out of Debt start fresh!
Call the Law Firm of Ernest G. Ianetti, Esq. to regain your financial security and stability, now. If you're struggling to pay bills or being harassed by creditors, bankruptcy can provide immediate relief.
During your initial consultation, you'll learn:
If bankruptcy is right for you;
How bankruptcy works;
If our “$0 Down” bankruptcy option is right for you;
What the credit counseling requirement is and how to get your counseling certificate;
How bankruptcy affects your credit, debt obligations, and property;
And, if you qualify, get instant relief.
Different Types of Bankruptcy.
Bankruptcy Chapters 7, 13 and 11 are designed to help people and business owners who can’t pay their bills get a fresh start.
Under the protection of the federal bankruptcy court, individuals and businesses can stop creditors in their tracks, discharge most debts, and establish workable repayment plans for nondischargeable debt.
Bankruptcy begins when the debtor files a petition with the bankruptcy court. A petition can be filed by one person, spouses, or a business entity.
Generally, there are two types of bankruptcy: those involving liquidation and those involving reorganization. Chapter 7 is for individuals and businesses who want to liquidate and discharge their debt; Chapter 13 is a reorganization bankruptcy for individuals who can pay some or all of their debt. Chapter 11 affords businesses and high net worth individuals opportunity to reorganize.
Chapter 7 Fresh Start
Chapter 7 is for people who need a fresh start. If you’re overwhelmed by debt and ready to wipe the slate clean, Ernest G. Ianetti, Esq. can help.
When you file Chapter 7 bankruptcy, the automatic stay stops creditors in their tracks. That means all collection activity against you, including foreclosures, repossessions, garnishments, and evictions ends.
In Chapter 7, Individuals and married couples discharge their debts within a two to three months of filing. By applying the bankruptcy exemptions, most filers retain their homes, retirement savings and other assets.
Ernest G. Ianetti, Esq. has been helping people like you get out of debt and start fresh for more than 30 years. Call to get the help you need.
Chapter 13 Plan It
Chapter 13 bankruptcy was established to for individuals who want to pay their debts but are presently unable to do so, even though they have a regular source of income. With the help of a skilled bankruptcy attorney, Chapter 13 filers present a plan pay their debt to the court.
The plan demonstrates how debtors propose to pay their creditors over a reasonable period of time — usually between 3 to 5 years. If their plan is approved, debtors make payments to the creditors through a trustee.
While the plan is in effect, debtors are protected from lawsuits, wage garnishments, and harassment by creditors. Once the plan is completed, any remaining debt is discharged.
Chapter 11 On Track
Chapter 11 bankruptcy is a way for commercial enterprises and high net-worth individuals to reorganize their debt while they continue to do business. In Chapter 11, debtors can repay creditors under a court-approved plan of reorganization.
The Chapter 11 Plan requires court approval, and the debtor is obligated to provide all creditors with a disclosure statement to help them understand the debtor’s financial circumstances and evaluate the plan.
Businesses that file for Chapter 11 return to financial stability by repaying some debts and discharging others, including burdensome contracts and leases. In many cases, Chapter 11 bankruptcy enables business debtors to reduce debt, and become a profitable, reorganized business.
“Attorney Ianetti is an exceptional lawyer. He is professional, honest and compassionate.”
Aimee A.
Rating: ⭐⭐⭐⭐⭐ (5-Stars)
Reviewed On: 02/09/2020
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The law firm is a debt relief agency. We help people file for bankruptcy under the United States Code.