COSTA MESA, CA, January 24, 2012
/24-7PressRelease/ -- This year, more than a million Americans will file for protection under our federal bankruptcy laws. While some bankruptcy claimants may be considered credit abusers and/or financially irresponsible, many are hardworking individuals and well meaning business owners who have succumbed to financial difficulty and face an irreparable crisis.
Bankruptcy is designed to help resolve such a crisis and can act as a financial life preserver when you're drowning in debt. Bankruptcy may not be your only recourse, but it is important to contact an experienced and professional bankruptcy attorney who will advise you of your legal rights under the bankruptcy law and federal bankruptcy courts.
Bankruptcy is designed to help both individuals and businesses either to eliminate their debt or to repay it under the protection of the courts. Typically, a bankruptcy is described as a liquidation of assets or a reorganization. Under a liquidation bankruptcy or chapter 7, the claimant files to eliminate all debt through the courts. Under a reorganization, (chapter 11 for business or chapter 13 for an individual), the claimant files a plan with bankruptcy court proposing a full or partial repayment.
Andrew S. Bisom provides successful solutions to financial difficulties by offering a personal, hands-on approach.
For more information call a qualified, dedicated bankruptcy attorney in with an in-depth knowledge of federal bankruptcy laws. Call Andrew S. Bisom today 714-384-6440.
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