Jeffrey M. Rosenblum, P.C.
A Fresh Start

June 2016 Archives

Couple who filed Chapter 7 sues over continued collection efforts

When people file for Chapter 7 bankruptcy, the court sells off their nonessential assets in order to repay their creditors. Secured creditors generally receive top priority. Unsecured creditors are less likely to receive any of the proceeds from the sale of these assets.

When is Chapter 7 the best bankruptcy choice?

If you're considering filing for bankruptcy to get relief from overwhelming personal debt, the two main options are Chapter 7 and Chapter 13. There are a number of factors that will help you and your bankruptcy attorney determining which choice is best for you.