At the Law Offices of Francis J Shea we understand that bankruptcy is a complex subject that requires knowledge and experience in order to get the best outcome for your unique situation. If you are facing bankruptcy, you most likely have many questions. Should you file? If you do, which type of bankruptcy should you file: Chapter 7 or Chapter 13? What can you do to get the best outcome for your bankruptcy case?
All your questions and concerns must be addressed with the counsel of an experienced professional. With over 30 years of experience practicing both state and federal law, Francis J Shea is the answer.
The Shea law firm will take all the complications out of filing Bankruptcy for you with over 30 years experience in dealing with Federal Bankruptcy laws for both Individual and Corporate entities.
The first step is to contact my office for a free consultation to evaluate your financial situation and determine whether you should file a Chapter 7 bankruptcy to discharge unsecured debts.
Once it is determined you are eligible to file a chapter 7 Bankruptcy my law office will handle your bankruptcy from beginning to end, and will file your bankruptcy petition for you, electronically. Your relief will begin the moment my firm files your bankruptcy petition for you. From that moment forward, creditors may not ask you to pay any money, nor may they even contact you. For all practical purposes, your relief from debt and harassing creditors begins the moment your lawyer files your petition for you.
How does a Chapter 7 bankruptcy work?
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with the court: (1) schedules of assets and liabilities; (2) a schedule of current income and expenditures; (3) a statement of financial affairs; and (4) a schedule of executory contracts and unexpired leases. Debtors must also provide the assigned case trustee with a copy of the tax return or transcripts for the most recent tax year as well as tax returns filed during the case (including tax returns for prior years that had not been filed when the case began).
Individual debtors with primarily consumer debts have additional document filing requirements. They must file: a certificate of credit counseling. evidence of payment from employers, if any, received 60 days before filing; a statement of monthly net income and any anticipated increase in income or expenses after filing; and a record of any interest the debtor has in federal or state qualified education or tuition accounts. A husband and wife may file a joint petition or individual petitions. Even if filing jointly, a husband and wife are subject to all the document filing requirements of individual debtors.
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