A Guiding Hand Through Bankruptcy And Restructuring
Chapter 11 Bankruptcy For Businesses
Matt works with businesses of all sizes to secure bankruptcy protection. For more than 20 years he has found creative ways to help businesses modify the terms of their debt agreements and reduce their obligations while reorganizing their finances. His process involves a comprehensive review of your business’ finances and options for how to move ahead. This may include:
- Corporate restructuring
- Advising on potential obstacles in the bankruptcy process
- Advising on ways to avoid potential litigation
- The sale of assets
- Negotiating with creditors
- Financing arrangements for debtors-in-possession
For smaller businesses, Matt can determine if the company qualifies for expedited bankruptcy through the Small Business Reorganization Act.
For businesses pursuing collections, attorney Wawrzyn can also help them collect on past-due debt for a flat fee.
Bankruptcy For Individuals
Through Chapter 7 And Chapter 13
For individuals pursuing bankruptcy, there are two options; Chapter 7 and Chapter 13 bankruptcy. Chapter 7 is also known as liquidation bankruptcy and allows you to wipe out unsecured debts without having to pay them back. This includes things like credit card debt, medical bills, utility bills and most personal loans. It is designed for people who are unable to pay their debts and whose household income does not exceed the median income level of other households of the same size. There is a “means test” that determines whether your income level allows you to take advantage of Chapter 7 bankruptcy protection.
For those who do not qualify for Chapter 7, there is Chapter 13. This is for people with income that allows them to make monthly payments. In a nutshell, Chapter 13 allows applicants an opportunity to negotiate with creditors and possibly discharge some debt while setting a three to five year repayment plan. It allows you to protect assets like your home and your car while putting an end to creditor harassment.
Attorney Wawrzyn can review your unique situation to determine what option works best for you and guide you through the process.
Get The Help You Need Today
Wawrzyn LLC is a debt relief agency. Attorney Wawrzyn helps people file for bankruptcy relief under the Bankruptcy Code.