Law Offices
of
Adam Farber
Helping you Build, Protect and Rebuild your Future
Bankruptcy
Bankruptcy is a legal process that offers individuals and businesses a fresh financial start when overwhelmed by debt. Whether you're facing credit card bills, medical expenses, foreclosure, or wage garnishment, bankruptcy can help stop collections and give you breathing room to rebuild. At the Law Offices of Adam Farber, we guide clients through Chapter 7and Chapter 13 filings, helping them protect their assets, eliminate or restructure debt, and regain financial stability with confidence and compassion.
Our Bankruptcy Services
CHAPTER 7 BANKRUPTCY
Liquidation Bankruptcy
When most people think about bankruptcy they typically think of a Chapter 7. This type of bankruptcy is usually quicker and easier than the other chapters, but you have to qualify for it through what's known in the Bankruptcy world as the "Means Test." Businesses can also file Chapter 7, but this shut's the business down.
CHAPTER 13 BANKRUPTCY
Individual Restructuring Bankruptcy
This type of bankruptcy is often used when people can't qualify for a Chapter 7. Also, in certain circumstances a Chapter 13 can be much more beneficial than a Chapter 7. For example, Chapter 13 can be used to make a repayment plan to get caught up on things like your mortgage, car payments, or rent. This could ultimately save someone from a foreclosure, eviction, or car repossession.
Disclaimer
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and receipt or viewing does not constitute an attorney-client relationship.