Living under the pressure of overwhelming debt is no way to live at all. But for many Americans, unmanageable debt has become a reality. While you have many options when it comes to handling your debt, bankruptcy continues to be a common solution.
Fortunately our attorneys know the complexities of filing bankruptcy including an understanding of the various types of bankruptcies and the implications of each. We’ll use this legal expertise to guide you through the process of legally declaring bankruptcy – and eventually, to help you recover from the process.
What types of bankruptcies are available?
At Pengilly Law Firm, we handle all types of bankruptcies, including Chapter 7 and Chapter 13. These types of bankruptcies vary depending on the type of debt you’re under. For example, a bankruptcy for personal or individual debt will vary from a bankruptcy for a business or corporation.
What about taxes?
Most bankruptcy cases come with tax implication in tow. Often, back taxes contribute to or are the bulk of a person’s unpaid debt. Our attorneys can help you deal with tax issues, including those associated tax collection statutes of limitation, offers in compromise, installment agreements, foreclosure issues and many other issues.
Mortgages and real property
If you own real estate, that ownership will likely be affected by your bankruptcy. Our attorneys are skilled at helping you identify and determine the options for handling any mortgages or other liens on your properties.
Protecting our clients
When you file for bankruptcy, you have certain rights and protections against debt collectors and other parties. Our attorneys can help ensure that your rights are protected throughout the entire bankruptcy process.
If you’re drowning in debt, you don’t have to keeping living under the pressure of overwhelming bills and threatening debt collectors. Call Pengilly Law Firm today. We can help discuss your options and determine whether bankruptcy is a wise option for you and your family.