The Law Office Dennis K. Cowan
280 Hemsted Drive, Suite BP.O. Box 992090Redding, CA 96099(530) 221-7300Fax: (530) 221-7389

Email: [email protected]

Whether you are an individual or a business in financial trouble, we will work with you to determine the best course of action. We take the time to make sure you have the proper advice and information so when the time comes to make crucial decisions about your financial future, you can make the best choice.

We provide a comprehensive, full service bankruptcy practice. We represent creditors and individuals, businesses, and municipalities as debtors in:

Chapter 7 is frequently called “straight bankruptcy” or “liquidation bankruptcy”.  Chapter 7 is most commonly used by individuals who can not pay unsecured debts such as credit cards and medical bills.  When you complete a Chapter 7 case, the court “discharges” or cancels, most of your outstanding unsecured debts.  By the use of “exemptions”, you can usually keep nearly all of your property, although you have to continue to pay debts that are secured by that property, such as vehicle or home loans.  It is very rare for corporations and partnerships to file a Chapter 7 bankruptcy because they cannot discharge any of their debts using Chapter 7.

Chapter 13 is also referred to as a “wage earner plan” because you need to have a regular income to participate.  In Chapter 13, you will usually pay only a part of your debts over a period of three to five years and discharge most of the balance.  You can also discharge certain debts that would not be discharged in a Chapter 7 case.  Chapter 13 is frequently used to save a debtor’s home or vehicles threatened with foreclosure or repossession, giving time to bring the loans current.  You can usually keep all of your property when you file Chapter 13.

Chapter 9 is designed to be used by local government entities such as cities, counties, hospital districts, and school districts which have serious financial problems.  They are very rare, but we have significant experience in them.

Chapter 11 cases are designed to allow businesses to reorganize their debts.  They are usually complex and require significant knowledge and experience to handle successfully.  We have represented debtors and creditors in over 150 Chapter 11 cases and have that knowledge and experience.

Chapter 12 is for “family farmers” who face financial difficulties.  It is similar to Chapter 13, in that the debtors normally keep their property, and they must pay most debts secured by the property but may be able to modify the terms of the debt.  Unsecured debts are often not paid in full.  Payments are made over a period of time, usually several years, pursuant to a plan that the debtor files.  Congress has not made Chapter 12 a permanent part of the bankruptcy law, so it is not always available.

Regardless of your situation, and no matter which path you choose, we will make sure you receive every benefit and protection available to you under your chapter.

If you have questions about how we can help you, contact us anytime. We are happy to answer your questions and schedule an appointment to discuss your options.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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