Johnson Law, PLLC, levels the playing field against unscrupulous debt collectors and helps rid clients of excess debt. Johnson Law, PLLC can help you resolve bankruptcy and many other legal challenges with experience, knowledge, and skill. This is used mostly by businesses. In Chapter 11, you may continue to operate your business, but your creditors and the Court must approve a plan to repay your debts.
Chapter 13 is sometimes called "reorganization" or "wage earner" bankruptcy. Under this plan, the individual works with the courts to create a three-to-five-year payment plan with reorganized debt and debt payments.
Chapter 13 is sometimes called "reorganization" or "wage earner" bankruptcy. Under this plan, the individual works with the courts to create a three-to-five-year payment plan with reorganized debt and debt payments.
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The word "bankruptcy" tends to cause feelings of panic and unease when, in fact, bankruptcy is intended to help people in need. Bankruptcy laws were enacted to protect people's rights and property and to provide a fair way for them to get back on their feet again financially. There are numerous causes of financial difficulties, and today's economy has contributed to the problem.
Attorney Todd Johnson was born and raised in Morgantown, WV, and lived in Pittsburgh, PA, while attending law school. Todd has helped clients in over 1,100 bankruptcies, is a trained arbitrator, and is admitted to the supreme courts of Pennsylvania and West Virginia. After passing the bar in 2002, Attorney Todd Johnson opened his own law practice.
Many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. You can keep your exempt property and anything you obtain after the bankruptcy is filed. However, if you receive an inheritance, a property settlement, or life insurance benefits within 180 days after filing for bankruptcy, that money or property may have to be paid to your creditors if the property or money is not exempt.
There are many different circumstances that can lead people to consider bankruptcy debt relief. Whatever the cause of financial challenges, Chapter 7 bankruptcy offers a new start to many people facing years of difficult or even impossible personal finances.
If you are carrying debt that you cannot afford, Chapter 7 will enable you to dispose of crippling obligations and start over with resources that enable you to plan for the future and to enjoy life.Under Chapter 7 of the bankruptcy laws, with guidance of the court, your total debt is reduced. This provides for a "fresh start, " which is something many people in debt appreciate.
If you are carrying debt that you cannot afford, Chapter 7 will enable you to dispose of crippling obligations and start over with resources that enable you to plan for the future and to enjoy life.Under Chapter 7 of the bankruptcy laws, with guidance of the court, your total debt is reduced. This provides for a "fresh start, " which is something many people in debt appreciate.
At the top of the Chapter 7 page, we mentioned the many circumstances when help may be needed for a business or individual file for bankruptcy, and the three chapters used most often. Under Chapter 11 Bankruptcy laws, an entity (a business or individual) may choose to file for debt relief. With Chapter 11, you may continue to operate a business, but your creditors and the Court must approve a plan to repay your debts.
Reviews (2)
Daniel Oliver
Dec 13, 2020
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I am a commercial lawyer in the Morgantown area. I have referred people to Johnson Law a number of times over the years to discuss possible bankruptcy or serious financial challenges. Why? Because I trust Todd Johnson. The focus of his law practice is Federal bankruptcy. Most importantly, Todd is a good man and that says a lot if you ask me.
Sandy Miller
Jul 01, 2020
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