Fruchter & Sgro, A.P.C. specializes in Chapter 7, Chapter 13, foreclosure representation, and IRS resolutions. We help people and small businesses obtain relief under the United States Bankruptcy Code.
Chapter 7 Bankruptcy:
Client’s whose income makes them eligible for chapter 7 bankruptcy will be able to take advantage of a court-supervised process whereby they are able to WIPE OUT:
- Credit cards
- Personal loans
- Medical bills
- Mortgage deficiencies
- Back taxes
Most Chapter 7 clients are able to keep their car and/or a house for which they are still making payments. Clients can also surrender cars or houses if they cannot afford to make the payments, and wipe out the liability on the loans.
Chapter 13 Bankruptcy:
Those clients, who income does not make them eligible for Chapter 7, can leverage Chapter 13 Bankruptcy which is a court-supervised repayment plan to repay some or all of their debt. The benefits of Chapter 13 are to:
- Stop foreclosure of property
- Stop repossession of a vehicle
- Establish a reasonable payment plan for back taxes
- Protect the business from creditors
- Protect assets at risk of liquidation
- Remove a second mortgage or HELOC on a residence or rental property
Foreclosure and IRS Representation:
Facing foreclosure or the IRS is a difficult and emotionally trying time. Thus, we highly recommend that you do not go alone. At Fruchter & Sgro, A.P.C. we know what it takes to represent you and your needs at such a critical point in time in your life. We will fight for your rights to help get you the best possible outcome. Fruchter & Sgro, A.P.C. offers short sales support, payment plan development, offers in compromise, and bankruptcy services.
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