Chapter 7 Bankruptcy
For Families & Individuals

Chapter 7 bankruptcy is one of the most common types of personal bankruptcy. It is often a viable option for individuals who are facing financial difficulties and unable to repay their debts. One of the primary advantages of Chapter 7 bankruptcy is that certain properties that are deemed essential by the court are exempt from liquidation.

Others Types of Bankruptcy For Families & Individuals

Smith, Gilliam, Williams & Miles (SGWM) understands that bankruptcy can put individuals and their businesses under a tremendous amount of stress. The complexity of today’s bankruptcy laws doesn’t help. That’s why SGWM takes so much pride in helping our clients through this situation. Our firm is skilled in handling all forms of bankruptcy filings, including Chapter 7, Chapter 11, and Chapter 13 bankruptcies. We also work with debtors and creditors as they move through the bankruptcy process. Brad Patten, bankruptcy attorney, has been handling bankruptcy matters since 1986 and has been a Chapter 7 Trustee since 1997.

Chapter 11

Top Benefit: Ideal for individuals with higher incomes.

Chapter 11 bankruptcy has become an efficient and popular option for both businesses and individuals to overcome debt challenges. Most Chapter 11 cases are too costly for consumer debtors but are an option for those who can afford it. Filing for Chapter 11 bankruptcy allows the debtor to create a repayment plan, which must be approved and regulated by the court.

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Chapter 13

Top Benefit: Repay debt with an affordable payment plan.

Much like Chapter 11 bankruptcy, Chapter 13 allows debtors to repay their debts over time through a court-approved plan. However, Chapter 13 is reserved for individuals with stable incomes who fall within a specific debt limit. SGWM will review your financial situation and work with you to determine the best course of action.

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Our Attorneys

Bradley J. Patten

Brad J. Patten joined Smith, Gilliam, Williams & Miles in 1989 and has an extensive background in bankruptcy and workers compensation law. As a court-appointed Chapter 7 trustee since 1997, Mr. Patten works with debtors and creditors to guide them through the complex process of bankruptcy.

Explore a topic, ask a question, or just get to know us. Call us at 770.536.3381