Marsh Law in Erie, Pa., offers comprehensive counsel in bankruptcy law, including expertise in Chapter 7, Chapter 11, Chapter 12 and Chapter 13 practices in the United States Bankruptcy Court for the Western District of Pennsylvania.
Marsh Law bankruptcy attorneys have earned a well-deserved reputation for seeking the most cost-effective and creative solutions for both creditors and debtors.
Representing companies, developers, financial institutions and individuals, our bankruptcy law work encompasses:
Chapter 7 bankruptcy with liquidation implies that there will be a sale of the individual or business’ assets, with the sale proceeds to be paid to the creditors. Fortunately for individuals, the law allows individual debtors to keep enough of their assets to enable the individual to have a “fresh start” while eliminating unsecured debts through a bankruptcy discharge.
In a Chapter 7 bankruptcy, Marsh Law:
Chapter 11 bankruptcy is designed to allow struggling businesses to restructure their finances and maximize the return to their creditors and owners. A Chapter 11 plan allows you as a debtor to reorganize and restructure your financial affairs. A Chapter 11 plan is, in effect, a contract between the debtor and your creditors as to how you will operate and pay your obligations in the future.
In a Chapter 11 bankruptcy, Marsh Law:
Congress has devised a special system of reorganization for farmers under Chapter 12 of the Bankruptcy Code. Marsh Law believes there are significant advantages in Chapter 12 as compared to Chapters 11 and 13:
Chapter 13 bankruptcy can be used to cure a default on the debtor’s mortgage over three to five years. You may be named as a defendant in a mortgage foreclosure lawsuit. You might be interested in knowing that you have options that may enable you to avoid losing your home. Marsh Law concentrates on individual debt adjustment of your or your business’ assets.
In a Chapter 13 bankruptcy, keep in mind that:
Contact Marsh Law today to talk to our experts in bankruptcy law.