Law Offices of Robert M. Kaplan, P.C.
People find themselves deep in debt for a number of reasons. From job loss to medical expenses, out of control debt can build up quickly. Even if you tried to keep up on your payments, once you start missing a few, interest charges and late fees can make it impossible.
Having a mountain of debt can be stressful and traumatic. You might lose sleep at night and it could create conflict within your family. Receiving collection phone calls at home and work can be an embarrassment and cause tension – even putting your job at risk. When collectors garnish your wages, other bills may go unpaid and create a mountain of debt that makes you feel like you are drowning. That is why at the law office of Robert M. Kaplan, PC, we provide solutions to assist you in getting back on your feet and minimize the stress that comes from financial debt.
What is Bankruptcy?
For many people, bankruptcy is a new beginning. Last year, over one million people filed for bankruptcy and gained control of their finances. You might have heard varying stories about how bankruptcy works and that is because several different bankruptcy options exist, depending on your current situation.
Bankruptcy allows you to gain control of your finances and in some cases, eliminates your debt completely. For over ten years, we have been helping people just like you get a fresh start by working together as a team to find a solution that will take the fear out of answering your phone and opening your mailbox.
Types of Bankruptcy
Robert Kaplan will review your case, your financial obligations, and your assets to determine the type of bankruptcy that will work best for you.
Chapter 7 Bankruptcy – This type of bankruptcy allows our clients to eliminate the majority of their debt, including credit card debt. It will also stop the harassing phone calls that come from collectors, foreclosures, repossessions, and wage garnishment.
Chapter 11 Bankruptcy – This type of bankruptcy is reserved for businesses that cannot pay their debts. This plan allows for a restructuring of business finances to enable repayment.
Chapter 13 Bankruptcy – Chapter 13 allows us to work with your creditors to restructure your debt so that you can repay a portion of what you owe over a three to five year term. At the end of that term, the remainder of your debt will be discharged.
When the laws changed in 2005, it left many people feeling like they could not benefit from filing bankruptcy, but millions of people just like you continue to find financial relief through the bankruptcy process. Having a skilled attorney is essential to ensure the best outcome.