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If you need a Brooklyn Bankruptcy lawyer for personal bankruptcy filing, business bankruptcy filing or to provide representation in an involuntary bankruptcy, call Peter J. Mollo today.
Peter J. Mollo is a bankruptcy lawyer who has served clients in the Brooklyn area for almost two decades. Bankruptcy is his specialty. Whether you need representation for personal bankruptcy filing, business bankruptcy filing, or if you need legal assistance when facing an involuntary bankruptcy, Peter J. Mollo is the bankruptcy attorney to call.
He can advise you which chapter of bankruptcy law best serves your unique needs, assist in the filing of papers and represent you throughout the process.
The basics of bankruptcy law include:
Chapter 7
This type of bankruptcy is ideal for a personal bankruptcy filing because it results in total liquidation. Most unsecured debts will be discharged while the filer gets to keep their home, a vehicle and other personal property. With an experienced bankruptcy lawyer by your side the potential for keeping most of your assets while getting rid of most of your debt is greatly increased. Individuals, corporations and partnerships are eligible for Chapter 7 bankruptcy. Chapter 11
Chapter 11 involves restructuring debt and the filer retains assets. This type is often filed by businesses that are in trouble; however, individuals are also eligible for this type of filing. Chapter 11 is the most complex form of bankruptcy. Chapter 12
Chapter 12 is specific to farm owners. The farm owner controls the assets while working out repayment plans with the creditors. Chapter 13
Chapter 13 bankruptcy is for individuals who wish to continue to own and control their assets while restructuring debt. In this Chapter, there are some limitations; however, partial debt may be discharged based on the debtor's income.
Regardless of the type of bankruptcy that you wish to file, Peter J. Mollo is a specialized bankruptcy lawyer who can help you to make the right choices through a free consultation and low cost representation. Act today to discuss your case, fill in our
complimentary case evaluation for or call us at (718) 858-3401
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