Bruce Hochman's practice focuses on a broad range of banking and private business clients in connection with all aspects of bankruptcy proceedings, workouts, and commercial... more
Bruce Hochman's practice focuses on a broad range of banking and private business clients in connection with all aspects of bankruptcy proceedings, workouts, and commercial restructurings, insolvency, receiverships, foreclosure actions, and other financial distress and insolvency matters. he has represented numerous creditors before the Federal Bankruptcy Courts of Maine and has served as speci... view profile
A bankruptcy attorney can help you manage personal or business debts you are unable to pay. Bankruptcy laws allow people and businesses to (1) get a “fresh start” by relieving most debts; and (2) repay the money owed to all creditors as fairly as possible. When you file for bankruptcy protection, all other legal actions against you are put on hold. Creditors cannot sue you, garnish your wages, repossess your car or home entertainment system, or start or continue with a foreclosure action against your home. There are different types of bankruptcy filings and each has its own advantages. Since bankruptcy can significantly impact your future purchasing power and credit rating, you should see a bankruptcy attorney to make sure the benefits of filling bankruptcy outweigh the consequences.