Bankruptcy

It's not for everyone

There are many alternatives to bankruptcy and they should be explored before making your decision. This is why at Marc R. Tow & Associates we make sure to educate our clients before moving forward with their case.

Business Solutions

Turn your business around

Filing for bankruptcy is not the appropriate business decision for every financially troubled entity. Marc R. Tow & Associates has decades of experience providing comprehensive solutions to resolving business insolvency.

Debt Settlement

A simple process

We offer a program wherein we negotiate with your creditors/CA in order to settle the debt for less than what you owe. We charge an upfront fee that can be paid through a payment plan if you wish.

Individual Debt

Most of our clients are struggling with Credit Card Debt, Medical Bills or are facing Foreclosure. Bankruptcy can discharge Credit Card Debts and Medical Bills. It can also stall a Foreclosure. At Marc R. Tow & Associates we make sure that we evaluate your case and find more then just one solutions. Here is a list of solutions for individuals:

Before starting your debt settlement we need to evaluate your case. All of our consultations are free. Contact us now!

Debt Settlement:

If you’re knee deep in debt, cannot pay your bills and wish to avoid collection calls, you may consider debt settlement (also known as debt negotiation). This is when we negotiate and reduce the outstanding debt on your credit cards by 40-60% of the amount. The creditor forgives the remaining debt thereby helping you to get out of debt faster. READ MORE

Chapter 7 Bankruptcy:

The goal of most any personal bankruptcy is to discharge or bankrupt your existing debts and allow you a fresh start on your finances. In other words, once your discharge is granted, you no longer need to repay the debts that were incurred before you filed your bankruptcy. Your creditors are entitled to share in the proceeds obtained from the liquidation of your non-exempt assets. Under Chapter 7, the amount your creditors will get is fixed by the value of your non-exempt assets. READ MORE

Chapter 11 Bankruptcy:

Chapter 11 of the bankruptcy code is a “reorganization” and is primarily for businesses (small or large) such as corporations and partnerships, OR for individuals with large debts and assets who do not meet the strict asset/debt limitations of Chapter 13. Chapter 11 offers greater flexibility and options than other chapters and can be extremely useful even in lower debt cases. It is very useful in real estate cases where you are trying to find ways to catch up on past due payments, or buy some time for selling a piece of property that has equity, or for dealing with delinquent taxes, or any scenario where you need time to catch up on payments, but keep your business running. READ MORE

Chapter 13 Bankruptcy:

Chapter 13 is a section of the Bankruptcy Code which helps qualified individuals, or small proprietary business owners (NOT a corporation or partnership), who desire to repay their creditors but are in financial difficulty. Among other things, it offers great opportunities to pay off past due mortgage arrearages or car payments over 36-60 months, giving you time to catch up and keep your property. It is often referred to as a “mini Chapter 11″ because you usually repay something to your creditors and you retain your property and make payments under a Plan. READ MORE

Our goal is to educate our client so that they can make informed decisions. We pride ourselves in our great customer service. Feel free to contact us with any questions at (949)467-1404.

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