BANKRUPTCY
During this difficult period, we at Dang Law Group PLLC understand your needs and concerns. Let us help you decide what would be your best option to ease your troubles.
Bankruptcy law is the name given to the branch of civil law that covers federal bankruptcy and state insolvency laws and regulations as they apply to individuals, municipalities, and businesses. During bankruptcy, a court administers the estate (the property and other assets) of a debtor (a person or business who owes money to others) for the benefit of creditors (a person or business that is owed money). In voluntary bankruptcy proceedings, individuals or businesses may file for bankruptcy in an attempt to resolve a hopeless financial situation; although, from time to time, a creditor may force the filing of an involuntary bankruptcy proceeding.
There are many routes you and your family can take and here are a couple of examples. These may not be the best options for you, but you are welcome to explore them:
