Chad Thomas Pratt

Real Estate Law Center specializes in predatory mortgage lending and mortgage loan fraud. Assisting homeowners in their struggle against bank fraud mortgages, The Real Estate Law Center focuses on big banks such as Bank of America and Wells Fargo.

When an individual falls desperately behind in his or her debt payments, one option may be to declare bankruptcy, a legal proceeding in a federal bankruptcy court that relieves the debtor of some or all of their debts. While bankruptcy may not be the best option for everyone, in the right situation, it can provide people with a fresh start. In our practice, we also use bankruptcy to stop foreclosure sale dates to give us time to litigate.

Chapter 11 bankruptcy is typically used by financially struggling businesses to reorganize their affairs. It is also available to individuals, but because Chapter 11 bankruptcy is expensive and time-consuming

Chapter 7 Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part, bankruptcies can be divided into two types -- liquidation and reorganization