Wartchow Law Office offers an experienced and exclusive practice in bankruptcy law under all Chapters of the Bankruptcy Code, including Chapter 11 reorganizations and Chapter 7 and Chapter 13 consumer bankruptcy. Comprehensive debt relief services also include debt proration, debt defense and tax law including audit representation, compromise and negotiation. Located in Edina, Wartchow Law Office represents businesses and individuals throughout Minneapolis, St. Paul and surrounding suburbs in bankruptcy, other debt proceedings and tax matters in Minnesota and western Wisconsin.
Personalized Attention, Positive Results.
Whether you are considering Chapter 7 or Chapter 13, Wartchow Law Office offers practical debt relief advice tailored for the specific circumstances of each individual client. Attorney Lynn Wartchow encourages all those considering bankruptcy to learn their bankruptcy options from a qualified bankruptcy attorney focused on providing sensible debt relief solutions, intelligent advice to achieve the best bankruptcy outcome and a positive bankruptcy experience.
Chapter 7 and Chapter 13 Bankruptcy for Consumer Debt
Chapter 7 or Chapter 13 are the most common forms of bankruptcy used by individuals to resolve consumer debts such as credit cards debts, medical bills, bank fees, lines of credit and deficiency amounts on foreclosed or short sold homes. Chapter 7 is commonly considered a “straight discharge” bankruptcy and typically applies to people at or below a moderate income level. Chapter 13 is usually filed for higher income people and also those individuals who want to take advantage of Chapter 13’s opportunity to catch up on their mortgage arrears over three to five years, stop foreclosure, and repay certain priority debts such as non-dischargeable tax. Wartchow Law Office can help determine what chapter of bankruptcy you qualify for and what advantages each form may offer under your specific needs and circumstances.
For businesses facing cash flow and debt problems, Wartchow Law Office assists clients with business liabilities including restructuring secured financing, commercial leases and other business debt resolution in Chapter 11 reorganizations. The best point to start is by recognizing the common circumstances that maybe resolved in a Chapter 11 reorganization proceeding.
Unique circumstances demand a unique solution in bankruptcy. Individuals may find flexible and customized debt relief in Chapter 11 Individual bankruptcy.