Bankruptcy

A NEW BEGINNING

At the Bankruptcy Department of the Samson Law Office, we understand that life is unpredictable. The attorneys and staff are dedicated to helping individuals and businesses cope with difficult and unforeseen circumstances. We are focused on assisting you to overcome financial difficulties and move forward, free of past encumbrances, with a positive outlook toward the future.

FREE BANKRUPTCY CONSULTATIONS are provided for those seeking relief from credit card collections, judgments, loans, hospital bills and medical expenses and all manner of debt.

Chapter 7 - Debt Liquidation

The Samson Law Office can assist individuals seeking relief from financial liabilities and legal obligations.  With limited exceptions, an individual's liability for consumer debt and personal obligations can be completely discharged through the Chapter 7 Bankruptcy process.  For most individuals, this is the preferred way of eliminating all debts, and moving forward completely unencumbered with a new beginning.

Chapter 13 - Adjusted Debt Repayment

The Samson Law Office is also prepared to assist those who may be better served by retaining some liability on a portion of their debt or obligations and, at the same time, keeping their real and personal property through the Chapter 13 Bankruptcy process.  For high income earning individuals who do not qualify under Chapter 7 or have too many assets, Chapter 13 Bankruptcy provides the means to retain property, such as one's home, vehicles, and other valuable assets while eliminating debts and asserting their right to protection under the Federal Bankruptcy Code.

While there are numerous advantages and disadvantages to consider, some common benefits of Chapter 13 Bankruptcy include the ability to completely strip away 2nd, 3rd and junior mortgage and judgment liens  from real property, while retaining one's home and other valuable property.  Additionally, many individuals can compel their mortgage lender to accept arrearages (unpaid back payments) and remain in their home under an approved repayment plan.

Chapter 11 - Reorganization

The Samson Law Office is further able to represent individuals with excessive levels of debt and businesses, including corporations, partnerships, and sole proprietorships, in Chapter 11 Bankruptcy proceedings. Each business is unique, with various types of assets and liabilities, income and expenses and models for conducting operations.  Successful reorganization in Chapter 11 Bankruptcy proceedings requires personal attention to each of the multitude of these unique factors.

"At the end of every seventh year you must cancel the debts of everyone who owes you money." Deuteronomy 15:1

Is Bankruptcy the Right Choice?

The Effects of Filing for Bankruptcy