Bankruptcy
Understand your options before you file.
At DFA Law, we help you understand your bankruptcy options and the practical consequences of a filing, so you can make an informed decision about your finances.
Immigration
WHAT TO CONSIDER
Understand what bankruptcy could change
Your debts, income, and property all affect which bankruptcy options may be available. We help you consider what a filing could address, what obligations could remain, and how the available paths relate to your circumstances.
Your debts
Which debts may qualify for relief, and which obligations could remain? Understanding the difference helps you evaluate what a filing could accomplish.
Your income and property
How do your income and property affect your options? Review what a filing could mean for your home, vehicle, or other assets.
Your available options
Which path fits your financial situation? Eligibility, repayment requirements, and alternatives to filing all deserve attention before you choose the next step.
A GENERAL OVERVIEW
Common bankruptcy options
Chapter 7 and Chapter 13 are two common forms of personal bankruptcy. Each has different eligibility requirements and consequences.
This is a general introduction. The appropriate path depends on your circumstances and a review of the applicable requirements.
Chapter 7
Chapter 7 can discharge qualifying debts for eligible individuals. A trustee administers the case and may sell property that is not protected by applicable exemptions. Income and other eligibility rules must be evaluated before filing.
Chapter 13
Chapter 13 allows eligible individuals with regular income to propose a court-approved repayment plan, generally lasting three to five years. It may allow certain overdue payments to be addressed over time, subject to legal requirements.
These paths have different consequences. Discuss how those differences relate to your debts, income, and property before deciding whether to file.
TALK WITH DFA LAW
Discuss your bankruptcy questions
Contact us with a brief outline of your concern. We can discuss your circumstances and whether our firm can assist with your matter.
A PRACTICAL PERSPECTIVE
Advice with the wider picture in mind
Bankruptcy decisions involve legal questions and practical consequences. You need to understand what an option would address and how it relates to your financial priorities.
Our approach is informed by Dima Abuasabeh’s background in senior legal roles at Samsung Electronics and Unilever in the Middle East and North Africa region. Her experience translating complex legal issues into practical advice helps shape how we explain the decisions in front of you.
COMMON QUESTIONS
Questions before you decide
Understanding the possibilities and limits of bankruptcy is part of making an informed decision.
