Bankruptcy
Comprehensive Bankruptcy Defense
For bankruptcy defense, turn to Melody Derington Genson. We provide representation for Chapter 7, Chapter 11, and Chapter 13
bankruptcy cases for both businesses and individuals. As a previous U.S. Bankruptcy Trustee,
Melody Derington Genson has extensive experience in handling all types of bankruptcy cases. We are dedicated to helping you during your financial hardships. Don't risk foreclosure on your home or repossession of your vehicle. Turn to Melody Derington Genson when you are facing difficult financial situations.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy works to liquidate your debt however it does not remove all of your debts. You can still be held responsible for child support, spousal support, taxes, and other fines. Any non-exempt property would be turned over to a court-appointed trustee to be sold to pay off debtors.
Chapter 11 Bankruptcy
Chapter 11 Bankruptcy is often known as "reorganization" bankruptcy. Chapter 11 is available to businesses and corporations. This form of bankruptcy allows the debtors to reorganize a business's assets and debts.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy is often known as a "wage earner's plan." This type of bankruptcy works as a structured payment plan allowing you to pay off unpaid debts. It does not remove or cancel out your debts. In most cases, you will have three to five years to complete making all payments to debtors. This will be determined upon your income amount. Once the balance is paid, your debt is removed. However, you will still be responsible for payment of child support, spousal support, taxes, and other fines or obligations.
Schedule a Bankruptcy Consultation Today
To request your free initial bankruptcy consultation, call Melody Derington Genson today at 941-365-5870. We will discuss any concerns and questions you may have about filing for bankruptcy. We will also discuss all of your legal options and rights to help ease your financial situation.