Thread: Relief from filing

Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Sole proprietorships may also be eligible for relief under chapter 13 of the Bankruptcy Code.

hello friends,
The situation as you're laying it out is confusing & "sounds" like a complex situation which may or may not involve fraud. If you want to try & prevent anything particular from happening under the circumstances, you should consult with a private attorney who can review your situation, get a better understanding of everything you're trying to describe, & help you determine your best course of action. Your bankruptcy attorney may also handle foreclosure defense, or perhaps they can refer you to an attorney who does. Good luck.
thanks

I am agree with webspider. In this situation bankruptcy attorney can help you. You can take advise of your attorney on this. Chapter 7 bankruptcy surely gives a relief from debt to debtors.

There is lots of confusion about chapter 7 and chapter 13 bankruptcy because both are give relief from the high debt.But when the question come about choosing chapter 7 or chapter 13 bankruptcy there is only one way to come out of this situation is to visit bankruptcy attorney.because only they can tel you to file chapter 7 or chapter 13 after doing a detailed study of your financial condition.