Why are we putting a Glossary on our website? Partly because I'm a lawyer and lawyers sometimes speak a different language from normal …
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Wendell Sherk
Wendell is the principal member of the firm. He practices primarily in consumer bankruptcy and debtor representation. He graduated magna …
Debt Settlement
Debt Management and/or Settlement Options There are different ways to settle your debts for less than owed. Let's leave aside for the moment …
Chapter 13 “Wage Earner” Plans
Chapter 13 treats a broader range of your debts than Chapter 7, but you must make payments for a period between three to five to a Court …
Chapter 12
Family Farmer Reorganization Chapter 12 is similar to a Chapter 13, but is limited to those with significant farming or fishing …
Chapter 11
Chapter 11 is similar to a Chapter 13, but there are significant differences. 1) Although individuals can file, Chapter 11 is most …
Chapter 7
Basic Or "Straight" Bankruptcy Chapter 7 wipes out many (or most) of your debts quickly and allows you to keep "limited" amounts of your …
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Resources
We have a number of resources to learn more about the myths, common questions and basic language of bankruptcy. Please feel free to …