Bankruptcy Lawyer Shreveport, LA
Shreveport Bossier City Lawyer Joseph Greenwald has the experience you need whether you are fighting against personal injury, bankruptcy, or criminal charges. Contact Joseph Greenwald today.
Bankruptcy Lawyer In Shreveport Louisiana
Bankruptcy is the process by which a person or business may discharge or restructure certain debts, repay creditors in a uniform fashion, and get a fresh start. Bankruptcy proceedings are technical in nature, requiring a thorough review of each case in order to determine if bankruptcy is right the path. Lawyers with Greenwald Law Firm can assist in determining if bankruptcy is your best option and which type of bankruptcy proceeding would be most beneficial:
Three common bankruptcy proceedings:
- Chapter 7 Bankruptcy (Liquidation):
A Chapter 7 Bankruptcy provides for the liquidation or sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors. The debtor is allowed to keep certain exempt property.
- Chapter 11 Bankruptcy (Business Reorganization):
A Chapter 11 Bankruptcy provides for a reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.
- Chapter 13 Bankruptcy (Personal Reorganization):
A Chapter 13 Bankruptcy is also called a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
The Greenwald Law firm has been helping clients in the Shreveport, LA area for the past 20 years with bankruptcy cases. Shreveport bankruptcy lawyer Joey Greenwald from the Greenwald Law Firm can help you resolve your financial matters and determine if Bankruptcy is an option for you. If you’re not sure if you need to hire a bankruptcy lawyer, we offer free consultations, so please call today.
Greenwald Law Firm LLC has experience representing clients across Louisiana for almost 20 years. If you or a loved one is facing bankruptcy, know your legal rights. For more information or to schedule a consultation, please contact our office at 318-219-7867.