Chapter 13 and Chapter 7 Bankruptcy Proceedings. Cost. Your Profile?The Law Offices of Christopher P. See More. David S. While Reno business bankruptcy provides many advantages, it can be complex, is very expensive, and incurs many fiduciary responsibilities. The Chapter 7 means test is the analysis that determines whether you're eligible to file Chapter 7 bankruptcy. C. 1501. Bankruptcy Lawyer Serving San Francisco, CA (408) 295-1700; California Bankruptcy Lawyer with 15 years of experience. showed assets in the range of $1MM - $10MM with liabilities in the range of $10MM - $50MM. We like what we do. There are six different types of bankruptcies under United States bankruptcy law. Keep in mind that you must complete the pre-bankruptcy credit counseling session first. Las Vegas, NV 89101. Get Started For As Low As $500 to $1,500 Affordable Payment Plans Available 10+ Years Serving Over 1 Million. You are considering filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Reno. As with everything, there are upsides and downsides to filing Chapter 7 bankruptcy. The four most common Bankruptcy Chapters are 7, 11, 12 and 13. Okay, let’s dive into how the type of case may result in higher or lower bankruptcy lawyer fees in Reno. The bankruptcy process begins with a petition filed by the debtor , which is most common. 23-50502-hlb and is pending before the honorable Judge HILARY L. The second most common form of bankruptcy is a Chapter 13 bankruptcy. Here are the official Nevada Chapter 7 bankruptcy means test numbers that will take effect for all bankruptcy petitions filed after May 1st, 2022: Household Size of 1: Annual income of $54,394. As of Oct. Chapter 7 bankruptcy. Reno, NV 89509. In order to file for chapter 11 bankruptcy in Nevada, the business must pay the following: $1,167 case filing fee; and. A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is located. You can get a free Experian credit report every 30 days. The other bankruptcy option, Chapter 13, lasts three or five years. Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation. Phone: (702) 527-7000. It's quick, taking only a few months to complete. Notice of Hearing on Confirmation of Chapter 13 Plan: NVB 3015: 09/16 : Order to Value Collateral and Order to Avoid Lien: ch13_lien-strip-order. 10%. File easily for chapter 13 bankruptcy, chapter 7 bankruptcy with our bankruptcy attorney in Reno NV. In a Chapter 7, a list of all of your assets and debts is filed with the bankruptcy court. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Finding an Affordable Lawyer Just Got Easier. In Chapter 7, the debtor's estate is liquidated under the rules of the Bankruptcy Code. The firm is capable of handling personal and business bankruptcies, assisting clients in filing for a chapter 7, 11, or 13. The trustee will then sell the property and use the proceeds to repay your creditors. Chapter 13 enables people to pay off their obligations over a certain amount of time, typically three to five years. You don't pay anything to creditors. Read on to learn about filing Chapter 7 bankruptcy, the meeting of creditors, keeping your car, and why creditors must stop contacting you after filing. Pham and Stevenson are experienced attorneys that help clients file for Chapter 7 bankruptcy and Chapter 13 bankruptcy at a low cost. Exactly. Most people who file Chapter 7 in Maryland can protect all their belongings with the state exemptions. This is called filing pro se. And it's cheap. Chapter 11 bankruptcy can get complicated and expensive, so most debtors choose Chapter 13 or Chapter 7 to avoid the time, costs and risks involved with Chapter 11. While Chapter 7 bankruptcy, often referred to as “straight” bankruptcy, is typically the most straightforward form of bankruptcy available to an individual, there are still many complex and nuanced procedural requirements that must be met when filing for Chapter 7 in Nevada. The filing fee is typically due when you first go to the courthouse to file bankruptcy. Experian, TransUnion and Equifax now. Leslie Tayne, attorney and founder of Tayne Law Group in Melville, New York, says you’re eligible for a mortgage a few years after a Chapter 7 discharge of debt. Chapter 7 Bankruptcy and Car Loans. C. I had spent many years in business trudging through legal adversity, financial ruin and endured many injustices. Bankruptcy has long-term financial and legal. 46 Results have been found for Bankruptcy Chapter 7 attorneys in Reno, NV, belonging to 18 different law firms. The total cost will largely depend on your financial situation, the complexity of your case, and whether you file Chapter 7 or. A Chapter 7 bankruptcy is also called a liquidation bankruptcy because you have to sell nonexempt possessions and use the proceeds to repay your creditors. Experian, TransUnion and Equifax now. The average rate for a Chapter 7 bankruptcy lawyer in Texas ranges from $975 to $2,000. It is the quickest, simplest, and most common type of bankruptcy. 401 Ryland St Ste 200A Reno, NV 89502-1643 Represented By. Chapter 7 bankruptcy is a legal process that allows a person to discharge all of their unsecured debt. There is a fee but you can apply for a waiver if needed. You'll still owe any outstanding debt balances, plus the interest creditors didn't charge during your Chapter 13 case. Important Notices. Search profiles, find top attorneys and free general information, compare lawyers, law firms on Lawyer Legion. Contact me. The process of bankruptcy, and waiting for it to be discharged can be stressful. Adams Woodburn and Wedge | Reno, NV Rising Stars Top rated Bankruptcy lawyer. Bankruptcy Cases in Nevada District Chapter 7, 11 and 13 Bankruptcy Cases filed in the Las Vegas and Reno Divisions. Local Rules - Redline Version updated 3/2/2021. Chapter 7 bankruptcy helps qualified debtors discharge unsecured debts, while chapter 13 bankruptcy provides a more manageable way for clients to repay. GUARDIAN FUND, LLC filed a 11 chapter bankruptcy in the District of Nevada bankruptcy court on April 11, 2023. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Chapter 13 bankruptcy. Summary. A lawyer’s fee is an important consideration, especially in a Chapter 7 case, but it shouldn’t be the only factor when choosing a lawyer for your case. Golden Gate University School of Law. Chapter 7 bankruptcy is a liquidation proceeding available to consumers and businesses. The appropriate filing office is the Reno office of the U. Two of the most common types of personal bankruptcy are Chapter 7 and Chapter 13. Looking for A Affordable Bankruptcy bankruptcy lawyers or bankruptcy attorneys centers near you? Search our A Affordable Bankruptcy online consumer protection & debt negotiation lawyers directory in Reno Bankruptcy Lawyers, Bankruptcy Attorneys, Consumer Protection & Debt Negotiation Lawyers, Chapter 7 & 13, Personal. The phone call is free, call us today!Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are only two tools in our debt relief arsenal. Michael W. Category: Bankruptcy Forms. Court fees for Chapter 7 are $338 and $313 for Chapter 13. Burke offers help for bankruptcy in Reno, NV. However, because of the national law preventing bankruptcy abuse, this automatic stay might be short. In this PDF, we have explained about the two bankruptcy law chapter 7 & chapter 13, but most people. Shmucher's bankruptcy practice includes creditor negotiations, the representation of individuals and corporate debtors, creditors, and trustees in Chapter 7 and Chapter 13 filings and adversary proceedings. S. Make A Payment. C. Laughlin, and Reno as well as Las Vegas, NV. BANKRUPTCY. 19, 2020, added a new subchapter V to Chapter 11 designed to make bankruptcy easier and faster for small businesses. We were actually able to get an accurate estimate for how much the. Business Hours: Monday-Thursday: 9:00 a. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. Find the right team for you today. They are incredibly professional and their level of. 775. Chapter 7 bankruptcy enables consumers to discharge unsecured debts, such as credit card debt. (775) 684-6018 777 East William St. In order to determine whether or not somebody files for chapter seven bankruptcy based upon income, we have to do something called the chapter seven. C. You are considering filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Reno. What Is the Difference Between Bankruptcy Chapter 7 vs. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy;While it’s possible to file for bankruptcy on your own, consulting an experienced attorney can prevent you from making costly errors that could result in your case being delayed or denied. Chapter 13. " Chapter 7 Bankruptcy in El Reno. 1 116 pgs misc Voluntary Petition (Chapter 7) (fee) - case upload Mon 07/15 11:05 AMPersonal bankruptcy in Reno, NV is appropriate for those who have surmounting debts to private entities, such as credit card and hospital bills. Chapter 13 enables people to pay off their obligations over a certain amount of time, typically three to five years. As of April 1, 2023, the median family income levels for Florida have INCREASED, which generally benefits individuals who are in need of debt relief, as it typically makes it easier to qualify for chapter 7 liquidation bankruptcy. If you decide against. Any non-exempt assets (luxury items, second homes, for example) are liquidated to pay some or all of your debts. Thomas M. In Chapter 7 bankruptcy, a trustee’s motion to dismiss is not as common as they are in Chapter 13. Visit the BAPCPA-related sites below to help you with your bankruptcy case: HHS Poverty Guidelines for use with form 103B: Application to Have the Chapter 7 Filing Fee Waived; Means Testing Information (Census Bureau and IRS Data) (external link) Approved Credit Counseling Agencies. RENO CONTRACTING, INC. 4557. Regardless of which type of bankruptcy you. Holly E. Darby Law Practice, Ltd. Although filing for bankruptcy can be a challenging and complicated process, it. Fletcher & Lee LTD. If you’re subject to a wage garnishment, making it difficult to save up the full fee, you can ask the Court to make payments instead. By comparison, Chapter 13 can take up to five years because a repayment plan is involved. Although filing for bankruptcy can be a challenging and complicated process, it. Direct Biologics, LLC (In re Pettine), 2023 WL 7648619 (BAP 10th Cir. If you are considering filing for Chapter 7 bankruptcy in Nevada, call the Law Office of Scott N. You can surrender the vehicle, which relieves you of the responsibility from the auto loan after bankruptcy. 04/01/2020 - A Message from our President Chad Johnson: In March of 2010 I started Bankruptcy Law Group and Patricia Hadfield was one of the first attorneys I hired. Effective June 30th, 2020 we have closed our Reno, NV office. C. Personal Bankruptcy Comparison. 23. 205. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt Bankruptcy; Emergency Bankruptcy Filing in Reno; Wage Garnishment; Foreclosure; Repossession; Credit Card Debt and Bankruptcy;Lawyers. Cashier’s checks and money orders are also accepted. Effective onApril 1, 2022. Clifton Young Federal Building and U. The firm focuses primarily on chapter 7 and chapter 13 bankruptcy. Best Bankruptcy Law in Reno, NV - Sean P Patterson Attorney at Law, Affordable Bankruptcy Attorney, Darby Law Practice, Reno Sparks Bankruptcy Attorney, Stephen R. Please know, declaring bankruptcy in Reno is not a financial death sentence. Chapter 7 Bankruptcy; Chapter 13 Bankruptcy; Reno Medical Debt BankruptcyOur Reno Chapter 7 Bankruptcy Lawyers can assist you with getting rid of all of your unsecured debts. Trustee and the District of Nevada Bankruptcy Trustees. Bankruptcy cases in Alabama and North Carolina. The bankruptcy process begins with a petition filed by the debtor , which is most common. $2,800 for tools of the trade. If the business cannot pay this upfront, then it can be made in four installments within 120 days of the filing (or 180 days if the court agrees to extend the deadline). 11 U. Bankruptcy under Chapter 13. Comanse P. Learn how the Chapter 13 bankruptcy process. S. , P. If you’re subject to a wage garnishment, making it difficult to save up the full fee, you can ask the Court to make payments instead. But the Chapter 7 filing, which was made under the company's formal name, Let's Disco Inc. Free Consultation Offers Video Conferencing Bankruptcy, Divorce, Family and Probate. Don’t try to navigate the bankruptcy courts on your own. There are two primary types of bankruptcy: Chapter 7 and Chapter 13. In fact, many people in Nevada have received bankruptcy relief, and Reno is no different. In Chapter 13 bankruptcy, you can keep assets like a house or a car as long as you have a reliable income. More than three quarters (78%) of readers paid their. Chapter 7 allows you to eliminate most, if not all, of. 17 lawyers specializing in Chapter 11 are available in the Reno, NV area. Those assets of a debtor that are not exempt from creditors are collected and liquidated (reduced to money), and the proceeds are distributed to creditors. Attorney Kevin J. # of People. Cecilia Lee began the practice of law in 1986 in Portland, Oregon as an appellate lawyer with the law firm of Schwabe Williamson & Wyatt. Chapter 11 Bankruptcy Lawyers | Reno Office. It often lasts 3 or 5 years, and you can often protect your assets in bankruptcy even if they are above the exemption. You may consider a Chapter 13 bankruptcy if some of the payments from the wage garnishment would not be. Chapter 7 bankruptcy is a type of bankruptcy filing commonly referred to as liquidation because it involves selling the debtor’s assets in bankruptcy. Skip to navigation. (see Nevada Exemptions) The trustee sells the assets and pays you, the debtor, any amount exempted. People who have already filed for Chapter 7 bankruptcy can still switch to Chapter 13 later if they find it more to their advantage, as long as their secured debt is not more than $807,750 and their unsecured debt is under $269,250 (Federal Register, 2/12/98, p. The filing fee is typically due when you first go to the courthouse to file bankruptcy. For cases filed in Reno: (775) 784-5335. Individuals usually file for either Chapter 7 or Chapter 13 bankruptcy. And it's cheap. We joked in the interview that she would give me 10 years, and she has. Top 10 Best Bankruptcy Attorney in Reno, NV - November 2023 - Yelp - Sean P Patterson Attorney at Law, Affordable Bankruptcy Attorney, Darby Law Practice, Harold C. Las Vegas, NV 89113. See below for specific court information for Reno County. Redding, CA 96001. 5. Las Vegas. Any co-signer on a debt will continue to be liable even if the debtor has filed for a chapter 7 bankruptcy, unless the co-signer also files for similar protection. 1042. Bankruptcy, Estate Planning, Family and Tax. Reno, NV 89501. And it's cheap. 15, 2023), debtor's LLC interest in bankruptcy and charging order lienIn order to be eligible to file for Chapter 13 bankruptcy, you must have regular income and meet certain debt limitations for your unsecured and secured debts (unsecured debts must be less than $383,175 and secured debts must be less than $1,149,525 as of 2015). And it's cheap. Bankruptcy Law Group - Reno, NV. 7 El Reno was to conduct business in both the oil and gas industry and the trucking industry. Harris Bankruptcy Attorney, Reno Zero Down Bankruptcy Lawyers, Bittner & Widdis Law, Alison J Colvin, Law. Mr. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. Find a local Reno, Nevada Bankruptcy Chapter 7 attorney near you. If you prefer, we will quote your exact price right over the phone (702) 715-0000. $14,875 in aggregate ($700 for each. Harris Bankruptcy Attorney, Harold C. The figures change every 6 months or so. Free Consultation. As business owners, it’s best to leave your debt concerns and financial problems to the experts. We Will Instantly Connect You with a Chapter 7 Bankruptcy Lawyer for a Free Consultation. Harris is a law firm in Reno, Nevada, assisting clients with insolvency issues and bankruptcy filings. Bankruptcy Court,. You must be current on tax filings. When a business files a Chapter 7 bankruptcy, it is. Since 2009 Mr. Nevada. Reno, NV Bankruptcy Chapter 7 Law Firms & Attorneys. As far as personal bankruptcies go, Chapter 7 is the fastest. The session must take place within 180 days before filing for bankruptcy. Find reviews, educational history and legal experience. At all times prior to Lloyd’s BANKRUPTCY. In fact, many people in Nevada have. , is a boutique law practice located in Reno, Nevada, focusing on business and individual reorganizations, Chapter 7 liquidations, bankruptcy trustee. Darby Law Chapter 5 Small Business. It's quick, taking only a few months to complete. Darby. Fast and friendly attorney services at almost half the cost of other attorneys. This is a voluntary filing; it was assigned the bankruptcy case number #15-51384. Many individuals find themselves in debt and pursued by creditors demanding payment, often at a time when the debtor can't afford to pay. Trustee Program office. The net proceeds of the liquidation are. Get Chapter 7 or Chapter 13 bankruptcy filings and the support you need from our trusted team. Bankruptcy Forms. Tisevich helps clients make informed decisions in bankruptcy as a path toward a better financial. 2. Chern says that a Chapter 7 debtor can finance a car the day after filing. People will often refer to Chapter 7 bankruptcy as a “liquidation" bankruptcy because you must turn over any property not protected by a Nevada exemption to the bankruptcy trustee. WSJ breaks down how the desk-rental giant co. In this article, our Las Vegas bankruptcy attorneys discuss: 230 East Liberty Street, Reno, NV 89501. Bankruptcy and Personal Injury. Chapter 7 is often a bankruptcy filer's first choice for several reasons. Trustee Program determines the approved providers for each judicial district in all but two states. View the law firm's profile for reviews, office locations, and contact information. In addition to the petition, you also must file with the court: (1) schedules of assets and liabilities; (2) a schedule of current monthly income and expenditures; (3) a statement of financial affairs; and (4) a schedule of. 7. § 521 mandates that a chapter 7 or chapter 13 case “shall be automatically dismissed effective on the 46th day after the date of filing of the petition” if the. The main cons to Chapter 7 bankruptcy are that most. Visit Website. Misunderstandings of the law or making mistakes in the process can affect your rights. S. Comanse, Esq. If you’re still making car loan payments, you have three options for how to handle your car loan in a Chapter 7 bankruptcy case: Reaffirmation. S. Whether the bankruptcy fully stops foreclosure or repossession, or merely delays these events, depends on the type of bankruptcy you file. Exactly. With Unbundled Legal Help, you can hire a lawyer to assist you with the parts of your case you need help with. Darby ›. There’s a court filing fee of $338 to file a Chapter 7 bankruptcy. Bankruptcy Court,. , Demetras Law, Barber Law Group, Inc. Bankruptcies are divided into types, also called Chapters. Go to the court to file your forms 7. S. In addition to the petition, you also must file with the court: (1) schedules of assets and liabilities; (2) a schedule of current monthly income and expenditures; (3) a statement of financial affairs; and (4) a schedule of. Call Us Now For a Free Consultation (702) 879-7968; BANKRUPTCY. Kevin A. It's quick, taking only a few months to. Mr. Comanse, Esq. Filing for Chapter 7 in Texas. Norma Allred Guariglia is licensed to practice law in Nevada and focuses on representing clients in all aspects of bankruptcy, including debtors, creditors, trustees, and examiners. Filing for Chapter 7 in Rhode Island. Español. Save. , is an experienced chapter 11 reorganization attorney who has been. A consumer debtor receives a complete discharge from debt under Chapter 7, except for certain. Key sports company stares down Chapter 7 bankruptcy. This course takes about 1–2 hours, and you can take it online, by phone, or in person, depending on where you live. 17 lawyers specializing in Chapter 11 are available in the Reno, NV area. Browse comprehensive profiles including education, bar membership, awards, jurisdictions, and publications. Explore vital insights on filing bankruptcy in Reno with professional legal assistance. With Chapter 7 bankruptcy, your personal debt, outside of student loans, recent income tax debt, or past-due child support can be erased. Robert Conrad Borris Jr. 322. , P. Local Rules - Complete Set updated 3/2/2021. In fact, there were 7,892 bankruptcies filed in Nevada in the year ending June 30, 2021 . The trustee will then sell the property and use the proceeds to repay your creditors. Step 2: Fill in your marital and filing status. Free Consultation. Any non-exempt assets (luxury. Bankruptcy is a common debt relief choice. Contact me. Chapter 7 Bankruptcy. Chapter 13 Bankruptcy. This is a voluntary filing; it was assigned the bankruptcy case number #19-04150. Filing Reno Chapter 7 bankruptcy can delay an eviction from a few weeks to a few months, which may be long enough if you just need a little time to find a new place to live. Chapter 7 bankruptcy works well for people who own mainly the essential items needed to live and work and not much else. Bankruptcy, Divorce and Family. Plumb Lane Suite 202 Reno, NV 89509 775-322-1237 Email: [email protected]Get your filing fee ready or fill out a fee waiver request 5. Your certificate must be dated within 180 days of the date you file. Marilyn, Ilin and the entire staff were extremely easy to work with and extremely knowledgeable and professional in handling a difficult breakup. For over a decade, David C. A case can be dismissed if the filer doesn’t make all Chapter 13 plan payments, or fails to send their tax returns to the trustee every year. With Unbundled Legal Help, you can hire a lawyer to assist you with the parts of your case you need help with. Office Hours: 9:00 a. The second most common form of bankruptcy is a Chapter 13 bankruptcy. Let's help you rebuild your financial lives! 775. foreclosures, garnishments, and the IRS. Its two offices in Nevada are in Reno and Henderson. 1237 phone. Bankruptcy under Chapter 13. Monthly Las Vegas bankruptcy case filing statistics for the U. Wait 90 to 120 days after receiving the letter so your credit reports have time to update with the bankruptcy information, and then request your credit reports from all three national credit bureaus (Experian, Equifax and TransUnion). Four in ten (40%) paid between $1,000 and $1,500, while some paid as little as $500 or as much as $5,000. (The trustee also earns a. Learn from a Reno bankruptcy law office which is the best for you. Trust a knowledgeable bankruptcy attorney to serve your best interests, no matter if you need to stop a foreclosure, wage garnishment or repossession, or resolve medical or tax debt. Malter. And it's cheap. Chapter 7 bankruptcy is the. Talk to a Bankruptcy Attorney in Reno About the 341 Meeting of Creditors. Pham and Stevenson have offices throughout the Bay Area. Contact Us. The cost of bankruptcy includes paying court fees, and fees for a lawyer. If you qualify, your debts are discharged, which means they go away. Bankruptcy Lawyers at 311 E. Chapter 7 & 11 Chapter 12 Chapter 13 Trustees The Office of the U. Direct Biologics, LLC (In re Pettine), 2023 WL 7648619 (BAP 10th Cir. It's quick, taking only a few months to complete. Filing Chapter 7 bankruptcy typically costs between $1,800 and $2,300 while a Chapter 13 filing can cost between $4,500 and $5,300. Monday - Friday: 9:00 am - 4:00 pm closed Federal Holidays. Transcript Order Form for Reno and LV: Online Transcript Request Form: 04/12: Instructions: Request for Archived Bankruptcy Cases (Individual). On the other hand, a Chapter 7 bankruptcy, also known as a liquidation bankruptcy, erases all debt that is legal to erase. Current Clients / Business Hours: 323-320-4747. View Website View Lawyer Profile Email Lawyer. Chapter 11; Reno Chapter 7 bankruptcy. Bankruptcy Law Attorneys Attorneys Contract Law Attorneys. Redding, CA Bankruptcy Attorney with 37 years of experience. In your time of loss, we can delicately handle your probate. chapter 13 attorney near me, bankruptcy lawyers near me, cheap chapter 13 bankruptcy lawyer, free bankruptcy lawyers near me, chapter 13 bankruptcy lawyer maryland, cheap bankruptcy lawyers near me, bankruptcy attorney chapter 13, chapter 13 bankruptcy attorney fees McIntosh found anywhere you try your intention of Singapore, located 11. Bankruptcy Lawyer Serving San Francisco, CA (408) 295-1700; California Bankruptcy Lawyer with 15 years of experience. The agency offering the credit counseling must be approved by the U. It can get even more stressful if you lose your car during bankruptcy, especially considering your credit score will take a hit after filing. 4. Chapter 7 and Chapter 13 Bankruptcy. Individuals, sole proprietorship businesses, or spouses can file a Chapter 13. Chapter 7 bankruptcy in Nevada is available to individuals, partnerships, and organizations. In Florida, Chapter 7 bankruptcy requires the debtor’s non-exempt assets to be liquidated for a discharge to be granted. Chapter 7 and Chapter 13 are personal bankruptcies that serve individuals who have a lot of medical, credit card, or other consumer debt. Chapter 7 is often a bankruptcy filer's first choice for several reasons. 448 Ridge St, Reno, NV. The following is a list of ways your lawyer can help you. A Chapter 7 bankruptcy can remain on your credit report for up to 10 years from the date filed. Estes Law is a boutique law practice located in Reno, Nevada, focusing on business and individual reorganizations, Chapter 7 liquidations, bankruptcy trustee representation, creditor's rights and bankruptcy appellate practice. is a bankruptcy attorney and the founder of Shmucher Law, PL. Filing a Chapter 7 bankruptcy case can stop a foreclosure sale, but only temporarily. Compare the best Chapter 7 Business Bankruptcy lawyers near El Reno, OK today. By contrast, the 138 public companies that filed for bankruptcy in 2008 had prepetition assets valued at $1. Discover how hiring a skilled bankruptcy attorney from Recovery Law Group can guide you toward a path of financial recovery and peace of mind. A Chapter 7 bankruptcy is also called a liquidation bankruptcy because you have to sell nonexempt possessions and use the proceeds to repay your creditors. (775) 348-4600 230 E. You need to consider your financial situation for choosing a chapter bankruptcy to file. Chapter 7 filers discharge all of the following debts (a Chapter 13 discharge erases a few more): credit card charges, including overdue and late fees. Their advice was excellent and….