Mr. Carroll has represented individuals, married couples, and small business owners in thousands of bankruptcy cases over more than 20 years. We offer experienced, competent, and personalized legal representation in both Chapter 7 and Chapter 13 bankruptcy proceedings. Mr. Carroll will be involved in your case from start to finish. Your case will not be turned over to an inexperienced attorney once you are "in the door" as often happens with large, heavily-advertised, bankruptcy law firms.
Instead, your case will receive Mr. Carroll's personal attention. This is extremely important since any bankruptcy filing must be custom-tailored to fit your particular circumstances. The decision to file for debt relief under the Bankruptcy Code is difficult and the Bankruptcy Code is complicated. A full review of the facts of your case, along with a complete understanding of the applicable bankruptcy laws is essential in order to obtain the best result for you.
Instead, your case will receive Mr. Carroll's personal attention. This is extremely important since any bankruptcy filing must be custom-tailored to fit your particular circumstances. The decision to file for debt relief under the Bankruptcy Code is difficult and the Bankruptcy Code is complicated. A full review of the facts of your case, along with a complete understanding of the applicable bankruptcy laws is essential in order to obtain the best result for you.
Services
Also known as a fresh start bankruptcy.
This type of bankruptcy is usually appropriate for people who have a lot of credit card debt and/or medical bills or other unsecured debts.
You may have no more than $125,000.00 of equity in a home and your income must be below the median income for households of your size in this state.
If you have more than $125,000.00 in equity in your home (or own substantial other valuable assets besides normal household items), or if your household income exceeds the median income for households of your size, then you may not be eligible for Chapter 7 and you may be required to file under Chapter 13, discussed below.
This type of bankruptcy is usually appropriate for people who have a lot of credit card debt and/or medical bills or other unsecured debts.
You may have no more than $125,000.00 of equity in a home and your income must be below the median income for households of your size in this state.
If you have more than $125,000.00 in equity in your home (or own substantial other valuable assets besides normal household items), or if your household income exceeds the median income for households of your size, then you may not be eligible for Chapter 7 and you may be required to file under Chapter 13, discussed below.
Debt reorganization involving repayment of at least a portion of your debts.
This type of bankruptcy is for people who don't qualify for relief under Chapter 7 either because they have too many assets or too much income.
Some other people file Chapter 13 because they need to get their driver's license back (if they have not been convicted as a habitual offender) or because they need to stop a foreclosure on their home.
Still other people file Chapter 13 because they have particular debts that must be repaid, such as most taxes, or because they just feel strongly that they want to make an attempt to repay their debts while under the protection of the bankruptcy court, and they have the ability to do so.
This type of bankruptcy is for people who don't qualify for relief under Chapter 7 either because they have too many assets or too much income.
Some other people file Chapter 13 because they need to get their driver's license back (if they have not been convicted as a habitual offender) or because they need to stop a foreclosure on their home.
Still other people file Chapter 13 because they have particular debts that must be repaid, such as most taxes, or because they just feel strongly that they want to make an attempt to repay their debts while under the protection of the bankruptcy court, and they have the ability to do so.
Small businesses are the lifeblood of the American economy but that doesn't ensure success for all; in fact, small businesses carry with them a huge risk of failure.
The bankruptcy code recognizes this, and provides small business owners who are facing financial difficulties the opportunity to take a time out to either reorganize or start over.
What is the business owner's goal for the future?
Is the owner looking for a fresh start, or would they like to restructure and continue operating?.
If the business owner hopes to put the bankrupt business behind them and make a fresh start, Chapter 7 is probably the best option.
The bankruptcy code recognizes this, and provides small business owners who are facing financial difficulties the opportunity to take a time out to either reorganize or start over.
What is the business owner's goal for the future?
Is the owner looking for a fresh start, or would they like to restructure and continue operating?.
If the business owner hopes to put the bankrupt business behind them and make a fresh start, Chapter 7 is probably the best option.
Backed by the credit card, retail and banking industries, the new legislation makes it more difficult for people to erase all of their debts in bankruptcy, while forcing others on payment plans instead.
Conservatives and the financial services lobbies argue that the new law was needed to curb abuse of the bankruptcy system and teach people to be more financially responsible, while liberals and consumer advocates say that this law unfairly penalizes poor people who may be suffering financially due to illness, divorce or unemployment.
Conservatives and the financial services lobbies argue that the new law was needed to curb abuse of the bankruptcy system and teach people to be more financially responsible, while liberals and consumer advocates say that this law unfairly penalizes poor people who may be suffering financially due to illness, divorce or unemployment.
In order to protect consumers from harassment by unscrupulous debt collectors, Congress enacted the federal Fair Debt Collection Practices Act (FDCPA) and placed limitations on debt collectors in the bankruptcy law.
The FDCPA, which is enforced by the FTC, protects consumers from abusive, harassing, or deceptive debt collection practices.
It outlines the rules debt collectors must follow when collecting consumer debt, and provides for penalties if the collector violates the Act.
Although consumers can exercise their rights under the Act independently, many seek guidance or assistance from an attorney.
The FDCPA, which is enforced by the FTC, protects consumers from abusive, harassing, or deceptive debt collection practices.
It outlines the rules debt collectors must follow when collecting consumer debt, and provides for penalties if the collector violates the Act.
Although consumers can exercise their rights under the Act independently, many seek guidance or assistance from an attorney.
Reviews
Be the first to review Terence G. Carroll, Attorney At Law.
Write a Review
