Bankruptcy law is complicated, made even more so because there are several types of bankruptcy. Additionally, though there is a United States Bankruptcy Code (Title 11 of the United States Code), each state may have its own statutes, particularly for claims and exemptions. For individuals, businesses and other entities considering bankruptcy, these factors make an already difficult decision further challenging. The bankruptcy team at Widerman Malek helps clients navigate the complex process.
There are six types of bankruptcy that are listed as chapters in the U.S. Bankruptcy Code:
- Chapter 7: Liquidation of debt for individuals and businesses
- Chapter 9: Reorganization of debts for municipalities (cities, towns, villages, taxing districts, municipal utilities, and school districts)
- Chapter 11: Debt reorganization mainly for business debtors (also known as corporate bankruptcy)
- Chapter 12: Debt relief for family farmers and fishermen
- Chapter 13: Debt adjustment – a plan for individuals with regular income to repay debt (all or in part)
- Chapter 15: Filings for ancillary and other international debtor cases
Along with applying our extensive experience with bankruptcy law and the court system, Widerman Malek’s bankruptcy team understands and cares about the burdens facing our clients. We want to help lessen the weight of life’s current complications so that you can begin the path towards a better future.
Widerman Malek assists all types of clients who are facing financial difficulties. We help business clients implement the best strategy for restoring their businesses to profitability by reducing debt and streamlining operations. We also help individuals and couples with the best plan for dealing with bills that exceed income, such as credit card debt, medical bills, payday loans, past-due rent and utility bills.
Our bankruptcy law services include:
- Listening to and gathering the facts and details of every client’s circumstances.
- Advising on the best plan of action for each client, including the processes, risks and consequences involved.
- Preparing and filing paperwork.
- Representing clients at court hearings.
Contact the Widerman Malek Bankruptcy Team for Help
If you or somebody you know is struggling with debt, we want to help. Our bankruptcy team believes in providing the highest quality service to every client and will give full attention to handling your specific debt relief needs. Each member of our legal team is highly skilled and experienced, which gives you confidence throughout our representation of your case. We will create a strategy for you and guide you through every step until we have achieved the best possible results.
Please contact us today for a consultation with a Widerman Malek bankruptcy attorney. To schedule a meeting, please call us at 321-255-2332 or complete our contact form.
Bankruptcy Law Articles and Resources
- Bankruptcy Laws Today
- How to File Bankruptcy in Florida
- Florida Bankruptcy Exemptions
- What Is a Reaffirmation Agreement
- Florida Law and Chapter 13 Bankruptcy
- What You Need to Know Before Your Chapter 13 Discharge
- U.S. Bankruptcy Court