Bankruptcy

case_review_2.jpgWhat is “bankruptcy law” and how do I know if I need legal counsel? 

Simply put, bankruptcy is a declared inability or impairment of ability of an individual or organization to pay their creditors. 

If you're dealing with spiraling debt, looming foreclosure, fear of property  repossession, creditor harassment or other financial problems, filing a personal  bankruptcy may be a necessary action for you.  An experienced bankruptcy  lawyer can advise you of your legal alternatives and help you find the best  option for your unique situation.

Hear what our clients say about us.

Personal bankruptcy usually takes two forms:

  • Chapter 7: allows a debtor or debtors (a husband and wife who file jointly) to retain personal property, cars and real estate      (depending on the net value of those assets) while discharging      unsecured debts such as credit cards, medical bills and some taxes.
  • Chapter 13: involves establishing a “reorganization” or payment plan available for debtors who have fallen behind in payments on their mortgage and/or other debts.  It may also allow the debtor to partially pay unsecured debts such as credit cards or medical bills.

If any of the above applies to your situation, Gultanoff and Associates  can help. Here’s how:

  • We can determine quickly your eligibility for Chapter 7 or Chapter 13.
  • Once your case is filed, we make sure that harassing calls from creditors or their representatives cease immediately.
  • While in most cases the debtor is required to attend one court proceeding, we will be there with you.
  • Our fees are reasonable and are disclosed in writing at the initial meeting. We charge a flat fee for routine uncontested bankruptcy filings 

 

“I will go out of my way to recommend him (Mr. Zerillo) to my friends and relatives when they need an attorney.”

Fred J. Bedard

 

July 7, 2010

Dear Mr. Gultanoff,

We wanted to thank Jim Zerillo through you and Takesha for their hard work professionalism and kindness on our behalf.

We recently had a bankruptcy discharged and the work included was tedious. I’m sure much more than we know.

We have felt shame and embarrassment our declaring bankruptcy, but Jim and Takesha never exacerbated those feelings, in fact, eased them. We are proud to have had Jim and Takesha represent us and will be proud to refer Jim and your firm. You must be proud of them also.

       Thank you so very much!!
        M&C
       Plymouth Meeting, PA

Given today’s economic climate and the exceedingly complex nature of both federal and state bankruptcy laws and procedures, retaining experienced professionals is essential. Call us. 610.277.8988.