Reorganizing Your Debt? Chapter 11 or Chapter 13 Bankruptcy Can Help!

Filing for bankruptcy is a difficult decision to make, but it can be an effective way of reorganizing and managing your debt. If you are considering this option, it is important to understand the differences between Chapter 11 and Chapter 13 Bankruptcy.

Chapter 11 Bankruptcy allows businesses or individuals to restructure their existing debts in order to develop a plan that can be approved by creditors. This type of bankruptcy offers more flexibility than Chapter 13 Bankruptcy because it allows for the creation of new payment arrangements with creditors as well as reducing the amount of debt owed. It also offers protection from legal action taken by creditors while the repayment plan is being developed.

On the other hand, Chapter 13 Bankruptcy is designed specifically for individuals who have a steady source of income and want to pay back their debts over time.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you can find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706