Aggressive, Experienced Legal Representation

Fighting Debt Collectors for You

Filing for bankruptcy is an incredibly difficult decision involving a lot of personal and stressful issues. At Wheeler & Franks Law Firm PC, we can help guide you through the process and decide which bankruptcy option is best for your situation. We will make it our priority to ensure that your case is handled as quickly and efficiently as possible.

If you are thinking of filing for bankruptcy, please contact our office to set up an appointment for a FREE consultation with our knowledgeable staff and attorneys.

Understand the Types of Bankruptcy

Chapter 7 Bankruptcy:

In Chapter 7 bankruptcy, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay creditors in accordance with the provisions of the Bankruptcy Code. The Bankruptcy Code does allow the debtor to keep certain exempt property. Potential debtors must realize that filing a petition under Chapter 7 may result in the loss of property.

Chapter 13 Bankruptcy:

A Chapter 13 bankruptcy is typically referred to as a wage earner’s plan. It allows individuals with a regular income to develop a plan to repay all or part of their debts. Debtors propose a repayment plan to make installments to creditors over a span of three to five years depending upon the debtor’s current monthly income.

Chapter 11 Bankruptcy:

A Chapter 11 bankruptcy is frequently referred to a "reorganization" bankruptcy. It is frequently used to reorganize a business such as a corporation, sole proprietorship, or partnership.