Bankruptcy Law

Bankruptcy

Filing for bankruptcy can be a tedious, complex, and often frustrating process. When you find yourself drowning in medical, loan or credit card debt, you need an experienced attorney who can guide you through the entire process and help your family stay in your home. Lang & Associates, PLLC attorneys are here to help clients find their way out from under the mountain of debt that can sometimes sneak up on you — whether it is due to home foreclosure, vehicle repossession, IRS wage garnishments, or similar financial difficulties.

Lang Ferrer's Services Include:

Chapter 7 Bankruptcy

The most common form of bankruptcy in the United States is known as Chapter 7. It is designed for those experiencing financial difficulties who also don’t have the ability to repay their debts. And while we understand every story is unique to the individual, we will do our utmost to help you wipe out those debts and get you started on a new life. Chapter 7 is a straightforward bankruptcy matter where non-exempt assets are liquidated, sold, and your corresponding debts discharged. However, you must first meet strict requirements to be eligible for Chapter 7 bankruptcy. Lang & Associates attorneys will review your circumstances, and should our team decide Chapter 7 is the perfect fit for your needs, they will guide you through the entire process and even keep an eye out for any types of exemptions that may be appropriate. Exemptions can include residential equity, motor vehicles, household goods, health aids, life insurance, and retirement plans. Future earnings such as alimony, child support, social security benefits, and even some other types of personal property are also included in certain circumstances. NOTE: A Chapter 7 bankruptcy remains on your credit report for 10 years from the date of filing, and it may affect your chances of future credit transactions and favorable terms.

Chapter 13 Bankruptcy

For those with a regular income but are still faced with the heavy burden of financial difficulties, Chapter 13 bankruptcy provides the perfect “reorganization plan.” With a Chapter 13 bankruptcy, your debts are reorganized for a period of 60 months, allowing ample time for you to get caught up. After that time, all remaining debts are discharged. Chapter 13 bankruptcy also provides an immediate solution to stop home foreclosure, vehicle repossession, eviction, and wage garnishments. In addition, creditors will no longer be able to harass you. Your property also remains protected from seizure from mortgage and other lien holders, as long as you continue to make payments in a timely manner and keep the necessary insurance coverages in place. NOTE: Unlike a Chapter 7 bankruptcy, which remains on your credit report for 10 years, a Chapter 13 bankruptcy stays on your credit report for 7 years from the date of filing. Your credit conditions will still be impacted, however.

General steps of filing for bankruptcy relief are as follows:

  1. Contact an attorney
  2. Gather the documents
  3. Take a credit counseling course
  4. File the bankruptcy motion
  5. Take the second credit counseling course
  6. Enforce the automatic stay against creditors
  7. Meeting of the creditors (Court hearing)
  8. Receive and follow the court’s payment plan or debt discharge

Frequently Asked Questions

Click here for answers to frequently asked questions regarding bankruptcy.

Lang & Associates, PLLC

Committed to the law. Dedicated to our clients. Our attorneys are here to help guide you through it all.

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Trust

At Lang & Associates, we provide our clients with the experience and professional capabilities of a "Biglaw" firm while providing the personal service and attention of a small firm. Our record of success reflects our ability to manage and try complex cases and provide sophisticated counsel and advice to our clients.

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Knowledge

The attorneys at Lang & Associates are licensed in multiple states and have a continual presence in both state and federal courts. Our familiarity with the “ins and outs” of local and federal rules and procedures enables us to serve as a comprehensive resource for all types of litigation. We are a leader in the marketplace for the breadth and scope of our legal services and the quality and commitment of our attorneys.

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Ability

Talent, skill, and proficiency allow the team at Lang & Associates to easily navigate through the litigation process in the most efficient and cost-effective manner for each client. We pride ourselves on finding creative solutions to difficult problems and will never recommend a course of action just because it will increase our fees.

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Confidentiality

Confidentiality is one of the core values of our practice at Lang & Associates. It is our ethical duty to protect the privacy of our clients when they share information with us. We take this responsibility very seriously and diligently maintain the security and privacy of all client information.

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Communication

Our firm is unique in that we care about each client's individual needs, not just his or her legal needs. When it comes to our clients, we believe in open lines of communication and responsiveness. We are dedicated to advising our clients at every stage of the process. By helping clients address and anticipate challenges, our lawyers are able to guide them to make informed economic decisions each step of the way.

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Integrity

Lang & Associates prides itself on a standard of excellence that is deeply rooted in integrity, ethics, and professionalism. We are dedicated to making a positive impact on our clients' businesses and lives. We are committed to doing the right thing, at the right time, for every client served.

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