Bankruptcy Information

Fisher & Fisher Law Offices has been practicing law over 30 years and has represented thousands of clients in consumer and business bankruptcy cases.

  • Stop creditors harassing phone calls
  • Wipe out credit card debt, medical bills, and personal loans
  • Stop foreclosures and tax sales
  • Stop repossession of vehicles

Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is created by the Federal Government, and all bankruptcy cases are handled in federal court.

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Financial problems can be deeply disturbing and extremely stressful. You should not feel alone or embarrassed about the possibility of bankruptcy. Of course you would like to pay your bills, but bankruptcy may be your best option if you are not able to pay all your debt.

Types of Bankruptcy

Fisher & Fisher Law Offices represent clients in three types of bankruptcy cases-Chapters 7, 11, 13. These are:

Chapter 7 Bankruptcy

The goal for individuals who file Chapter 7 is to free themselves of debt through a bankruptcy discharge. Many Chapter 7 files are able to “wipe out” all of credit card debt, judgments, personal loan obligations, reduce bills and delinquency after car repossession. Although businesses normally do not receive a discharge, corporations and partnerships may use Chapter 7 to liquidate and close their business.

Chapter 11 Bankruptcy

Corporations, partnerships, and sole proprietors wishing to remain in business and reorganize their financial affairs may file Chapter 11. These debtors seek to restructure their debts, either by reducing the debt or by extending the time to repay. A Chapter 11 plan can also be used to liquidate all or a portion of a debtor’s assets.

Chapter 13 Bankruptcy

In Chapter 13 cases individuals with regular income can reorganize their finances. The debtor proposes a repayment plan to payback some, or all of their debt. During the repayment plan, creditors cannot continue with their collection efforts such as, foreclosures and repossession. Many Chapter 13 plans are able to cut mortgage tax averages and stop the foreclosure or tax sale of their home. Only individuals and sole proprietors are eligible for Chapter 13, which is simpler and much less expensive than a Chapter 11. Fisher & Fisher Law Offices can assist its clients via the bankruptcy code.

We are a debt relief agency.  We help people file for relief under the bankruptcy code.