We cover every phase of client representation for individuals and businesses, including the structuring of workouts, the negotiation and preparation of transactional and financing documents, and all aspects of Chapter 11, Chapter 7 and Chapter 13.
For those wishing to remain in business and reorganize their financial affairs, such as corporations, partnerships and sole proprietors, filing bankruptcy falls under Chapter 11. Chapter 11 bankruptcies are usually for corporate and business reorganization, but the Supreme Court has determined that in certain instances, consumer debtors may file.
Chapter 7 gets rid of most unsecured debts such as credit cards and medical bills. Chapter 7 can stop garnishments, liens, levies and lawsuits. It allows the debtor a fresh start by wiping away personal liability on most debts.
Some debts may be repaid in an affordable manner. Chapter 13 stops foreclosures, keeps the house and allows mortgages to be paid. Chapter 13 also stops garnishments, tax levies and lawsuits. Back taxes can be paid through Chapter 13 without further interest or penalty and sometimes the full amount of taxes will not have to be paid.
The attorneys at Feldman, Golinski, Reedy + Senouf, PLLC can also assist you with credit and debt counseling. Solving debt problems by filing for bankruptcy is sometimes not the best choice. We can help you determine if bankruptcy is the choice for you and if it is not, we may be able to assist you out of debt with a new financial start. We recommend consulting with an attorney before turning to a consumer credit counseling agency or debt counseling company. Many charge hidden fees and some do not even pay your creditors on time or at all.
Feldman, Golinski, Reedy + Senouf, PLLC is a Debt Relief Agency. We help people file for bankruptcy relief.