Bankruptcy Basics


Bankruptcy is a mechanism governed by federal law which allows individuals or corporations to obtain relief from debts that they cannot afford to pay.
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 Chapter 7


Under Chapter 7, the debtor’s assets / personal property are liquidated /sold and the proceeds are used to pay creditors. Read more

 Chapter 13


Chapter 13 bankruptcy typically applies to individuals who have enough money to pay their living expenses, but not enough income to completely/promptly pay other outstanding debts.
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Bankruptcy Blog

ellis
Sherry Ellis, P.A.

Attorney

Sherry F. Ellis has been interested in helping improve other people’s lives since she her early days as Director of one the Adolescent Chemical Unit at a local Residential Psychiatric Facility. After practicing in the mental health field, Ms. Ellis saw the barriers that people in need encountered in the legal process and decided that she could make an even bigger difference by combining her experience with a degree in law.

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