Bankruptcy
Whether you are an individual facing overwhelming debt and considering bankruptcy or a creditor needing representation in bankruptcy court, it is important to hire competent legal counsel with a reputable law firm who can guide you through the process. At Murphy & Anderson, we know every client is unique. We also have an excellent reputation and credibility in the legal community and with the courts in our area. We combine experience and a genuine desire to serve individuals and businesses that seek to relieve their financial burden.
If you are behind on your bills, bankruptcy may be the best option for you to financially recover during these challenging times. Unexpected expenses, sudden unemployment, or other unfortunate circumstances can happen to anyone. We are here to help you through the tough times and gain back control of your finances.
If you are a debtor or creditor in need of representation, you need a firm that has experience not only in bankruptcy, but business litigation, corporate legal issues, securities, employment, insurance, banking, leasing, and contract law. You need a law firm that can understand the nuances of each distressed business, including its unique financial and operational aspects. We recognize that defaults are difficult for all concerned, but we can help to maximize your recovery and minimize your loss.
Call today to schedule a consultation.
Chapter 7 Bankruptcy:
To qualify for relief under Chapter 7 of the U.S. Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. Chapter 7 is different from other bankruptcy chapters because the debtor can eliminate many debts in a relatively short period of time.
Chapter 11 Bankruptcy:
Chapter 11 of the U.S. Bankruptcy Code permits a business, whether a corporation or sole proprietorship and some individuals, to restructure and repay debt under a plan of reorganization.
Chapter 12 Bankruptcy:
Chapter 12 of the U.S. Bankruptcy Code allows family farmers and family fishermen to restructure their finances in order to avoid liquidation or foreclosure in a similar manner as Chapter 13.
Chapter 13 Bankruptcy:
Chapter 13 of the U.S. Bankruptcy Code allows individuals with regular income to develop a plan to repay all or part of their debts over a three to five-year plan of reorganization. Chapter 13 is an alternative for individuals that exceed the income requirements for a Chapter 7.
We represent secured and unsecured creditors in Chapter 7, 11, and 13 bankruptcies. Matters we handle include:
• plans of reorganization
• debtor-in-possession financing agreements
• cash collateral orders
• stay relief litigation
• avoidance actions (including preference and fraudulent transfer actions)
• contested confirmation hearings
• claims objections litigation
• non-discharge litigation
• issues concerning unexpired leases and executory contracts
Contact Us to consult with one of our Attorneys.
