Bankruptcy

Bankruptcy has come a long way in the past few decades and it may be getting more complex with new laws that are being considered.  There are many reasons and situations which may bring you to consider bankruptcy as an option.  As your attorneys, we at Allsopp Wackerly, Attorneys & Counselors, P.C. aren't going to judge you because of what brought you to this point.  Our only interest is in helping you get back on your feet.

For over 20 years, our office has handled Chapter 7 filings helping many individuals and businesses to obtain a fresh start.  Where some factors exist that have made Chapter 7's undesirable, we have helped clients with steady incomes to reorganize debt and payments using Chapter 13. 

Even with the acceptance of bankruptcy as a financial tool, it is still a drastic choice for some businesses and individuals.  We want those people to know that there may be acceptable alternatives.  If you are dealing with a small number of creditors you just can't keep happy, we may be able to propose private solutions to your cash-flow problems through compromises with these creditors.  Through this private process, you may be able to obtain longer payment periods leading to smaller monthly payments.  In addition, we may be able to assist you with lower interest rates, write-offs of accrued interest, even compromises of the total debt owed.

If you are in one of the communities in the Tri-City region and are considering filing bankruptcy, we would like to meet with you and help you decide whether this is the best option for you.  Contact us at your earliest convenience so you can turn the corner on this chapter in your life.