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Whether you are an individual who has become overwhelmed with personal debt or a business owner unable to surpass the financial challenges imposed by the recession, filing for bankruptcy may be the most viable option.  However, this can be a daunting process that nearly always requires the guidance of a seasoned bankruptcy attorney to achieve the most successful  outcome.  Mr. Brumel will guide you through a comprehensive evaluation of your circumstances and educate you on the pros and cons of filing for bankruptcy so that you can make an informed decision   

While bankruptcy laws are designed to create financial order out of chaos, there are significant issues to take into consideration prior to filing. Mr. Brumel will explain these complex concepts to you in a streamlined and simplified manner that will reduce your stressful circumstances and provide you with solid insight on how to bring about a new financial start in your life.   

What is bankruptcy?

Bankruptcy is a process implemented through federal courts to assist both individuals and businesses who have become overwhelmed with debt to start over – in some situations, this process can result in debts being forgiven, but this is not always the case and it is important to know in advance that obligations such as child support or debts to the Internal Revenue Service will not be discharged. Usually, bankruptcy courts will resolve your financial burdens either by requiring that your assets be liquidated (within reason) to generate funds to satisfy creditors or by designing a repayment plan.  

The initial relief for many debtors is that the mere filing of the bankruptcy petition will issue one or more “stays” meaning that all actions against the debtor by creditors for the purposes of collecting debt must cease – this may include ending everything from harassing telephone calls to lawsuits and wage garnishment.  The process of filing for bankruptcy appears daunting for many clients that are already experiencing enormous stress – but it doesn’t have to be – Mr. Brumel will guide you through each step.

With our in-depth experience in all phases of the bankruptcy process, our practice has combined the resources and credentials of the country's top law firms with the individualized problem-solving and adaptability that you would expect from more specialized boutiques. Because we routinely represent a variety of key constituents—chapter 11 committees, lenders, bondholders, individual creditors (both secured and unsecured), liquidating trustees, purchasers of assets out of bankruptcy, and others—we are able to approach the process from a variety of perspectives, with a thorough understanding of each constituent's needs, including:

• Bankruptcy Litigation
• Creditors' Rights
• Distressed Asset Sales
• Planning and Counseling
• Restructurings