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Bankruptcy Law

Chapter 11. Not yet. I have two properties that my company owns and I'm trying not lose them...

Customer Question
Chapter 11 JA: The Bankruptcy Lawyer...
Chapter 11
JA: The Bankruptcy Lawyer will need to help you with this. Have you consulted a lawyer yet?
Customer: Not yet
JA: Please give me a bit more information, so we can help you best.
Customer: I have two properties that my company owns and I'm trying not lose them
JA: Is there anything else important you think the Bankruptcy Lawyer should know?
Customer: It up for sale 6-7
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Bankruptcy Lawyer about your situation and then connect you two.
Submitted: 1 year ago.Category: Bankruptcy Law
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Answered in 3 minutes by:
6/4/2016
Bankruptcy Lawyer: Roger, Attorney replied 1 year ago
Roger
Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31,877
Experience: BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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Hi - my name is ***** ***** I'll be glad to assist.

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Bankruptcy Lawyer: Roger, Attorney replied 1 year ago

IF you file chapter 11 (business) or chapter 13 (personal), you will have the opportunity to put together a repayment plan to pay all of your debts in monthly amounts that you can afford.

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Bankruptcy Lawyer: Roger, Attorney replied 1 year ago

Generally, you can discharge your unsecured debts (debts without collateral) and then re-structure your payments for your secured loans (such as mortgages) in monthly repayment amounts that you can afford.

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Roger
Roger
Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31,877
31,877 Satisfied Customers
Experience: BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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