Bankruptcy

Whether as a creditor or a debtor, Bankruptcy is an area of law that affects almost everyone at some point in their lives. The bankruptcy laws were established to help individuals, married couples, and business owners to receive a new start after a financial downfall, while still giving creditors the opportunity to receive payment on some debts they may otherwise never be able to collect.

In recent years, federal bankruptcy courts have noticed a significant increase in the number of petitions that are filed. This has led to drastic changes in the bankruptcy laws and to the unavailability of certain types of bankruptcy protection. Where once they could, many people are no longer able to navigate the murky waters of the new bankruptcy laws on their own, and they must seek the assistance of an attorney who is well-versed in the topic and who has had training in the new laws.

The Bankruptcy Department at Hanis Irvine Prothero, PLLC, can provide such representation.

Through years of experience, seminars, and training, Ray Gessel and Brian Hanis have developed the expertise to evaluate the situation and determine how we can help. For debtors, we can help in determine if bankruptcy really is the best option to help the client become debt free and reach his or her ultimate financial goals. If bankruptcy is the best choice, we can counsel the client on what types of bankruptcy relief is available.

If bankruptcy is not the best option, we can work with creditors to settle debts so that both parties can benefit. For either option, our department can draft any necessary letters, prepare all

required documentation, and attend any necessary hearings or meetings.

On behalf of creditors, Ray and Brian work with their debtors to develop plans that can achieve successful payment of their debts while still working within their financial means. We can even recover some debts that were once thought to be uncollectible.

Regardless of which side you are on, throughout the entire process we work to educate our clients on ways to successfully avoid future financial hardships.

Article: Misconceptions Surrounding Bankruptcy [read more]