For over 15 years, Corey Carpenter and the team at Carpenter Law have been building relationships one client at a time.  It is their belief that  ALL cases can and should be handled, and won, with personal attention, zeal and most of all, integrity.   2020 has been a year like no other.  We’ve seen financial challenges brought on by the pandemic, resulting in hits to our businesses, our health, and our overall bottom line.

So Corey is here with a new podcast series, Ask Corey, in which he’s going to answer your questions surrounding bankruptcy – covering everything from student loans,  to retirement, and the fact that bankruptcy is a right, and a tool.  This process can empower you to take back control of your life.   Ask Corey, a new podcast series, coming December 2020. Subscribe for free on Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast app.

In our first episode of Ask Corey, attorney Corey Carpenter joins Jon Gay to give a general overview on bankruptcy.  

Modern bankruptcy structure was first enacted in 1979, and has been modified several times, most recently with the BAPCPA act in 2005.

Bankruptcies are generally bi-furcated into two kinds: 

• For consumers (Chapter 7, Chapter 13, and in rare instances, Chapter 11); 
• For business/corporate entities (Chapter 9-for municipal entities; Chapter 11 (including the newly created sub-Chapter 5 for small businesses), and Chapter 12 (specifically enacted for farmers)

The Goal of Modern Bankruptcy Laws is to provide DEBT RELIEF to consumers and businesses.   The emphasis is on assistance, and not punishment of those seeking use of the bankruptcy laws to address their debt.

Bankruptcy is also designed to provide two specific forms of relief: 

• Discharge (or absolution) of debt-meaning it strips creditors of the right to pursue collection of a debt obligation
• Debt restructuring-this applies to both consumer and business debtors

Contact Corey Carpenter:

Carpenter Law Website: https://mycarpenterlaw.com

Email: coreycarpenter@mycarpenterlaw.com

Call or text: (248) 327-7817

Congress would not have enacted the Modern Bankruptcy Code if it did not want to provide a necessary tool (i.e. debt relief assistance) to those who desperately needed it. 

Seeking bankruptcy relief is NO DIFFERENT than seeking judicial relief for any number of legal grievances an individual/business may have.

Bankruptcy will help YOU take back your life from your creditors: this could include completely erasing certain debt obligations; or in other circumstances, restructuring debt obligations while preventing your creditors from harassing you while you do so. 

While Bankruptcy should often be considered as a last resort because of the effect it can have, in the short term, on your credit score, it can often be cheaper than trying to deal with your creditors outside of bankruptcy (i.e. through debt consolidation companies). 

Carpenter Law cares. We use empathy to help people through difficult times, and we use our knowledge of the bankruptcy laws to assist those in need through an equitable process. 

Contact Corey Carpenter:

Carpenter Law Website: https://mycarpenterlaw.com

Email: coreycarpenter@mycarpenterlaw.com

Call or text: (248) 327-7817