What does Abraham Lincoln, Walt Disney, Henry Ford, Rembrandt, Mark Twain, Buckminster Fuller, Larry King, and Donald Trump all have in common? They are all incredibly famous people who reached the pinnacle of success in their chosen professions. In addition, as you may have guessed, they are all people who have filed for bankruptcy. The belief that bankruptcy is for people who are failures or is something to be ashamed of is just one of the many myths commonly held about bankruptcy. Bankruptcy isn’t the end of the road, but it could very well be the beginning of a brighter financial future.
A Bankruptcy attorney may be the last person we want to call, but sometimes it becomes necessary. We know that the circumstances surrounding the consideration of filing for bankruptcy are never easy. With creditors calling you at home, on your cell phone and even worse, at your job threatening you with repossession, garnishment, foreclosures and lawsuits, it’s difficult to know where to turn and what options you have to change your current situation.
Bankruptcy, at it’s most basic, is a general term for legal proceedings in which a person declares inability to re-pay his or her debts. There are multiple types of bankruptcy including Chapter 7 & Chapter 13. The pros and cons of each type depends heavily on your situation. Consulting a bankruptcy attorney is your best first step in deciding if you will file and if so, which chapter is best for the outcome you desire.
Bankruptcy is a powerful legal tool however should be used at the right time. Because we are a comprehensive debt and financial consumer rights trial law firm we offer a benefit to our clients to develop a legal strategy. Every situation is different. In some instances it may be necessary to file Bankruptcy immediately. In other situations we may need to develop a legal strategy to litigate and or negotiate the debt until it becomes absolutely necessary to file Bankruptcy. The Bankruptcy code is quite complex so it is important that you speak to a qualified and knowledgeable Bankruptcy attorney. Here at the Law Firm of Robert C. Gindel, Jr., we have the knowledge and experience to guide you through the Bankruptcy process and in some instances we have been successful in assisting our client resolve their debt issues without having to file Bankruptcy. We offer a free and confidential consultation to discuss your personal situation.
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