Most
people think of Bankruptcy as the end of their financial borrowing life.
We've heard, "Oh, I won't be able to buy a house or a car or get
loans again". This simply is not true. Bankruptcy is a federal
program that is designed to help you. It's about protection; you just
have to file the right chapter that is going to be most beneficial to you.
Attorney Mark Williams can help you; he's been helping people and
businesses get financially on track for over 25 years; he can do the same for
you.
WHAT ARE THE DIFFERENT
TYPES OF CHAPTERS IN BANKRUPTCY?
Most commonly used are Chapter 7, 11 and 13
Chapter
7 is probably the most commonly used of all 3 mentioned because it is
considered a 'straight' bankruptcy and because it causes the greatest amount of
debt relief.
Chapter
11 is usually used by corporations or big businesses; although individuals can
also file for Chapter 11. With Chapter 11, there are no liquidation of
assets and removal of debt; rather, the debts and assets are reorganized into a
repayment plan. If you own a business, under Chapter 11 you can continue
operation.
Chapter
13 is for individuals; it is similar to a debt consolidation, but is done
through a court system; but most importantly it protects your home, your
retirement and belongings to say the least.
Call now at 637-9620.
Consultations are free.
Attorney Mark Williams has over 22 years of
experience in protecting the rights of injured victims. He can help you too. #1 trusted bankruptcy attorney in Guam. The Law really
is on your side.
Check out more valuable information about Guam's Laws and working with
Mark Williams, Guam's Best Lawyer, on Dededo Law Office's websites: www.guamlegal.com www.bankruptcylawyerguam.com www.injurylawyerguam.com
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