Lafourche Parish Bankruptcy Lawyers

Experienced Bankruptcy Assistance in Metairie

If you are in debt and are struggling to make ends meet, you may be wondering if you have any options. The good news is that you have the right to file for bankruptcy.

At Sisk Law Firm, we have been helping people get their lives back on track for over 20 years. We have the knowledge and experience to guide you through the bankruptcy process and help you make the best possible decision.

Call us today at (504) 499-5919 to discuss your options with a bankruptcy lawyer near you. We offer flexible appointment times.

What Is Bankruptcy?

Bankruptcy is a federal law that allows individuals, corporations, and partnerships to be relieved from the financial burden of debt. Bankruptcy is made up of several chapters, and the type of bankruptcy you file for will depend on your individual circumstances.

The most common types of bankruptcy are:

• Chapter 7
• Chapter 11
• Chapter 12

Types of Bankruptcy

• Chapter 7 bankruptcy is the most common type of bankruptcy and is often referred to as "straight bankruptcy" or "liquidation." In Chapter 7, the debtor surrenders all non-exempt assets to a bankruptcy trustee who then sells them and distributes the proceeds to the creditors.
• Chapter 11 bankruptcy is the second most common type of bankruptcy. It is often referred to as "reorganization" bankruptcy and is typically used by businesses, partnerships, and corporations. In Chapter 11, the debtor works with a bankruptcy trustee and the creditors to create a repayment plan, usually over several years, that will allow the debtor to pay off their debts.
• Chapter 12 bankruptcy is similar to Chapter 13, but is used by debtors who are farmers.
• Chapter 13 bankruptcy is often referred to as "wage earner" bankruptcy. It is typically used by individuals who have a steady income and have the ability to pay back some of their debt. In Chapter 13, the debtor works with a bankruptcy trustee and the creditors to create a repayment plan, usually over 3-5 years, that will allow the debtor to pay off their debts.

Why You Should Consider Bankruptcy

Bankruptcy is a powerful legal tool that can help you get a fresh start on your finances. It can eliminate or reduce the amount of debt you owe, such as:

• Credit card debt
• Medical bills
• Personal loans
• Unpaid taxes
• Utility bills

Bankruptcy can also eliminate or reduce the amount of liability you face for debts that you did not personally incur, such as:

• Creditor lawsuits
• Creditor garnishments
• Creditor repossessions

Additionally, bankruptcy can give you the time you need to get your finances under control or allow you to renegotiate your debts.

Our Bankruptcy Services

At Sisk Law Firm, we understand that bankruptcy is a serious decision that has the potential to change your life. We have the experience to help you make an informed decision about the right course of action.

When you choose us to represent you, you can rest assured that we will take the time to understand your unique financial situation and help you determine if bankruptcy is the right choice for you.

If you are considering filing for bankruptcy, contact our firm to schedule an initial consultation. Our firm is located in Lafourche Parish. Call us at (504) 499-5919.