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What are the main purposes of Bankruptcy? |
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Bankruptcy laws serve two main purposes. First, Bankruptcy law may give creditors some payment on their debts. Second, Bankruptcy law gives you a fresh start by canceling many of your debts through an order of the court called a discharge. |
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I'm worried I may not qualify for Bankruptcy, how can I find out? |
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We can help you determine if you qualify for Bankruptcy. Bankruptcy is an important decision and you should make sure to explore all your options before proceeding down that course. Jon Adelstein and Michel Kaliner are licensed Bankruptcy attorneys that can help you with this important decision in your time of need. We have extensively studied and practiced Bankruptcy laws and can fully explain your rights and options. |
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If I'm facing legal action, should I just ignore it? |
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It's never advisable to procrastinate if you are facing legal action. It's often a natural human reaction to try to pretend the bad news will go away, but it won't. If you are in danger of foreclosure or car repossession, or are being sued, or have had your wages garnished, these are all serious events and Bankruptcy may be your best option. Jon Adelstein and Michael Kaliner are experienced Bankruptcy lawyers that will take the time to explain your options. Most of their clients have a true sense of relief when they realize that their problems can be resolved by filing for Bankruptcy. Do not wait until after your house is foreclosed, your car is repossessed, or your wages have been garnished, come talk to Jon Adelstein or Michael Kaliner to find out what Bankruptcy relief is available to you. |
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Why don't I file for Bankruptcy myself, how can a lawyer help me? |
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The decision to file for Bankruptcy requires a professional and thorough analysis of your situation. You should file for Bankruptcy only after determining that it is the best way to deal with your financial problems. With our experience we can help you determine if a Chapter 7 or a Chapter 13 Bankruptcy is best for your situation. It's important to note that if your case is incorrectly filed, it can be dismissed for not filing a required document. Let the professionals at Adelstein & Kaliner LLC, Bankruptcy Attorneys, help you with your Bankruptcy so you get everything taken care of and can start the next chapter in your life. |
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What is the difference between Chapter 7 and Chapter 13? |
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Chapter 7 is designed as a liquidation. Under this model, a Trustee may sell certain property that you own at the time you file the Bankruptcy case. The Trustee uses the proceeds of the sale to pay creditors. However, the sale of assets in a typical Chapter 7 case is unusual. In most cases, you will not have any assets over and above what the law allows you to keep. Thus, in most Chapter 7 cases, you do not have any property that the Trustee may sell. |
Chapter 13 is very different. If you file under Chapter 13, you may keep your property and you agree to pay your debts over time from your current income, pursuant to a court-approved plan. The amount that you will repay to creditors under the plan will vary based on your particular circumstances. |
The exceptions and other pertinent matters relevant to your personal situation will be discussed with you by Jon Adelstein or Michael Kaliner at the time of your FREE consultation. |
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How does the automatic stay work to stop foreclosures, repossessions or other collection efforts from taking place? |
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Just by filing a Bankruptcy Petition, an Automatic Stay against all collection efforts is put in place. This is a powerful tool of Bankruptcy and one of the laws primary protections for Debtors. Most creditors have to stop all efforts to collect from you. Creditors must stop making calls to you, stop sending letters, stop all lawsuits to collect, etc. |
The exceptions and other pertinent matters relevant to your personal situation will be discussed with you by Jon Adelstein or Michael Kaliner at the time of your FREE consultation. |
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