Bankruptcy law provides protection to people who cannot pay off their debts so that those people can get back on track and make a fresh financial start. Bankruptcy cases generally fall under federal law and claims must be filed with the U.S. Bankruptcy Court.
Understand Your Options
One question many people have when they are first considering filing for bankruptcy is what type of bankruptcy do they qualify for. Many people are aware that there are two major types of bankruptcy for individuals, which have different characteristics and requirements. Our attorneys will help you understand your options:
- Chapter 7 Debt Relief: This type of bankruptcy provides immediate cancellation of your eligible debts when the bankruptcy is approved. Many people qualify for Chapter 7.
- Chapter 13 Reorganization: This type of bankruptcy allows you to partially repay your debts over the course of three to five years. This is a good approach for many people with regular sources of income.
Our experienced bankruptcy attorneys will carefully examine your eligibility and help you sort out the differences between these very different types of bankruptcy.
Helpful Bankruptcy Law Information
Different people file for bankruptcy for different reasons, and everyone has their own priorities when it comes to debt relief. We have experience with many different types of bankruptcy cases, and we are fully prepared to address any of the following issues and concerns:
- Bankruptcy and divorce
- Car loans and Repossessions
- Foreclosure assistance
- Medical debt relief
- Taxes and bankruptcy
- Small business bankruptcy
- How to prepare for filing bankruptcy
- Life after bankruptcy
While the internet is full of information, bankruptcy law is complicated and nothing can replace the advice an attorney will give in response to information about your individual circumstances. Don’t hesitate to contact us to talk to an experienced bankruptcy lawyer.
We can help. Contact us to speak to one of our experienced Omaha bankruptcy lawyers or to arrange a free initial consultation. If you live in Nebraska or Iowa and cannot come to our Omaha offices, we can consult with you by telephone.