Experienced Bankruptcy Lawyer:
Darya Sara Druch
I have been a full time bankruptcy attorney since 1988 working in all fields of bankruptcy. My firm’s focus is on giving excellent and personalized care to all bankruptcy seekers. I represent individuals and companies that want to file for bankruptcy to discharge or reorganize their debts in all types of bankruptcy. I also handle bankruptcy litigation when necessary to protect clients from fraud claims and in attempts to discharge student loans in cases of disability and hardship.
Allows discharge (elimination) of most unsecured debts like credit cards and medical bills and certain taxes and gives temporary halt to collection activity on debts that cannot be discharged (certain taxes, mortgage arrears if you plan to keep the house).
Allows discharge (elimination) of unsecured debts and allows for restructuring payments on debts that cannot be discharged such as certain taxes, mortgage arrears and car loan payments. In a chapter 13 car loans can be restructured. Additionally second mortgages (equity lines) can be eliminated on houses where property is worth less than the balance owed on the first mortgage. Chapter 13 is available with people with regular income and with debts below certain limits (currently $1, 080,400 in secured debts and $360,475 in unsecured debts).
This is generally a business bankruptcy that can be used by individuals if the debts exceed the limits available for a chapter 13. Unlike the chapter 13, the creditors in a chapter 11 vote on the plan, consequently making it much hard to obtain. This chapter is complicated and expensive and not a good fit for most people.