A chapter 7 bankruptcy case is a proceeding under federal law in which the debtor seeks relief under chapter 7 of the Bankruptcy Code. In a chapter 7 case, the debtor must turn his or her nonexempt property, if any exists, over to a trustee, who then converts the property to cash and pays the debtor’s creditors. Visit us.
In a chapter 13 case, the bankruptcy court can provide relief to the debtor that a private debt consolidation service cannot provide. According to Bankruptcy Lawyers in Queens Most debtors have to appear in court at least twice: once for a hearing called the meeting of creditors, and once for a hearing on the confirmation of the debtor’s chapter 13 plan.
At Vaughn, Weber & Prakope, PLLC, our top-notch bankruptcy lawyers in Queens have proudly assisted consumers in filing for Bankruptcy Relief for over several years.
Buying a business or selling a business is a complicated transaction. The experienced corporate attorneys at the Law Firm of Vaughn, Weber & Prakope, PLLC can assist you in navigating the legal hurdles involved in this transaction. It is important to understand that no attorney should be providing taxation advice to their clients.If you are thinking of buying or selling a business, please call the Law Firm of Vaughn, Weber & Prakope, PLLC at (516) 858-2620 to help you!
