Nichols Bankruptcy Law

In simple terms, bankruptcy is about protection. As the law offices of Rob Nichols explain, bankruptcy is not a final step but a way to forge a new beginning towards financial independence.

Recently, Kodak has become a victim of the small marketplace and has had one too many issues with their finances. With their Chapter 11 filing, they will have the opportunity to reform their business and focus on their strongest current markets.

Engaging the services of any lawyer should begin with a consultation. Entering into a relationship with an attorney is a very important matter, especially when you're dealing with an issue that's as crucial as a potential bankruptcy filing.

Individuals who have fallen on hard financial times could find relief by filing either a Chapter 7 or a Chapter 13 bankruptcy. Typically, those persons who aren’t eligible for a Chapter 7 filing opt for a Chapter 13.

With a weakened economy comes a rise in the number of home foreclosures. If a homeowner receives a foreclosure notice for their property, certain rules and regulations need to be adhered to by the state and the bank.

According to US bankruptcy court records, bankruptcy filing is down 9.5% from last year. This may seem like good news for Americans, with a possible sign of a break in the weak economy.

According to the American Bankruptcy Institute, bankruptcy numbers are down 10 percent from last year over the first nine months of 2011. This information comes from data provided by the National Bankruptcy Research Center.

Yet another deadline for the government to find a solution for our debt crisis has come and gone with no end in sight for our economic turmoil.

The Woodland Hills based law offices of Attorney Rob Nichols deal with potential bankruptcy filings by first providing a review of the basics of bankruptcy to clients.

Rob R. Nichols, private bankruptcy and foreclosure attorney, has announced lower legal fees for clients. The new fees are designed to provide more affordable options for clients interested in bankruptcy and foreclosure.