Chapter 7 bankruptcies provides relief from the collection efforts of creditors and can eliminate unsecured debt like credit cards however there are some types of debt that are not eliminated when filing a Chapter 7. Filing a Chapter 7 is not right for everyone, M & A's experienced attorneys will help you find the right solution.
Chapter 11
A Chapter 11 the reorganization of business debt. In many instances of Chapter 11 filing the business owner gets to stay in control of the business and its operation. The ultimate goal of filing a Chapter 11 is to recognize the business in a way that it can stay open.