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Trustee - 

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Credit Repair

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Foreclosures

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Paralegal 

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Bankruptcy

Bankruptcy began during the Roman Empire and moved away from debtor enslavement to selling a debtor's assets (bonarum venditio) to satisfy debts.  In 1787, congress authorized the creation of bankrupcty law. Hence, the Bankruptcy Act of 1800 was the first federal law. In 1978, the Bankruptcy Reform Act was born which modernized bankruptcy system made it easier to file, and the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act double down on the requirements to prevent abuse.  Bankruptcy is a court of equity, and the legal status of a legal person that is unable to repay their debts. 

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Types of Bankruptcy

  • Chapter 7: Liquidation of assets to pay off unsecured debt

  • Chapter 13: A repayment plan for individuals with regular income to pay back debt over 3-5 years

  • Chapter 11: Reorganization, usually for corporations or partnerships

  • Chapter 12: Debt relief for family farmers and fishermen

  • Chapter 9: Reorganization for municipalities

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With bankruptcy, the creditor and ultimately its consumers must, in mercy, bear the burden of the unpaid debt, but God said He will bless us for such acts of forgiveness and mercy (Deuteronomy 15:5,10,18).

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List of debts that are normally 

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