Chapter 7 Bankruptcy

Filing for Chapter 7 Bankruptcy Protection is the most commonly filed type of Bankruptcy Case.  This is most commonly called a "liquidation" type of case; however, don’t let the work liquidation scare you.  Individuals, with little to no assets can seek a discharge of all of their outstanding debt.  Chapter 7 allows you to keep your home and vehicles as well.  The majority of those filing under Chapter 7 in New Hampshire, keep all of the assets, their retirement accounts, their homes and vehicles.  Contact us for a free consultation to see if Chapter 7 Bankruptcy can give you a fresh start.

Chapter 13 Bankruptcy.

A Chapter 13 Bankruptcy is known as a voluntary repayment plan of all of some of your debts.  This is most commonly used by those with higher incomes, or those looking to stop foreclosure and/or repossession of their vehicles.  Chapter 13 allows you to stop creditor from foreclosing or repossession by proposing a plan to "catch up" over a period of time.

Chapter 11 Bankruptcy

Chapter 11 cases are referred to as "Reorganization."  This is most commonly used by large businesses and rarely used by our clients.