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Bankruptcy Law

If you are in the midst of your home being foreclosed on and your attempts at a loan modification or short sale have failed and you do not have sufficient defenses in a foreclosure defense of the action, bankruptcy may be an option for you.

A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one's creditors. It can give you a chance to start over from a financial point of view, as most debts are relieved or reduced after bankruptcy as been filed.
Chapter 7, or liquidation bankruptcy, means that your 'estate' - i.e., your assets - is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors? needs are assessed.

Depending on your circumstances and your objectives, Chapter 7, Chapter 13 or Chapter 11 may be an option for you. Each form has significant advantages and disadvantages. However, not all, and sometimes none of these advantages are available to you. In addition, in bankruptcy you may be able to negotiate your debt and possibly pursue a loan modification. The Law Offices of James T. Maye is available to assist you in reviewing your options.

Reorganization bankruptcies can be filed under the following guidelines:
  • Chapter 9 - municipalities
  • Chapter 11 - businesses and individuals with many assets
  • Chapter 12 - farmers, fisherman
  • Chapter 13 - individuals with steady income
  • Chapter 15 - international cases
Contact the Law Offices of James T. Maye today at 203-939-1380 to learn more about your options under the current bankruptcy laws. For a free evaluation of your case, click here and fill out the initial intake form. Mr. Maye is here to help.

Practice Areas

  • Bankruptcy Law
  • Real Estate Law
  • Business Law
  • Short Sales
  • Loan Modification
  • Foreclosure Defense
  • Wills and Trusts
  • Chapter 13
  • Bankruptcy
  • Chapter 7 Bankruptcy
  • Probate
Call Today for More Information
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Law Offices of James T. Maye LLC is a debt relief law firm. Law Offices of James T. Maye LLC helps people file for bankruptcy relief under the bankruptcy code.
Law Offices of James T. Maye LLC
101 Merritt 7 Suite 300
Norwalk, CT 06851
(203) 542-9340
The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship with the law firm or Attorney James T. Maye.
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