At Cibik & Cataldo, P.C., no financial decision is ever taken lightly. Your livelihood depends on your money, and debt can get in the way. Declaring chapter 7 bankruptcy is a very difficult decision; our attorneys never try to pressure anyone into making a decision. Instead, we examine your financial decision, give you the facts and let you take your time to determine what the next step should be. When you decide, we’ll be ready to help you move forward, getting you on the path to debt relief as quickly as possible.
Chapter 7 bankruptcy, sometimes called straight bankruptcy, is a financial necessity for individuals or businesses that simply cannot pay their debts. The biggest difference between chapter 7 and chapter 13 bankruptcy is that chapter 7 involves a liquidation of debts, meaning that property, business and other belongings are subject to forfeiture. Another major difference is that with chapter 13, debts and finances are planned out so that creditors can be repaid; with chapter 7, the proceeds from the liquidation of assets are paid to creditors, but not all outstanding debts have to be repaid.
We are a debt relief agency that helps people
seek bankruptcy protection under federal law