"When knowledge is backed by commitment, it becomes conviction".
At Raymond W Verdi, Jr PC, we are 100% committed to helping our clients improve their current situation, based on our experience and the certainty that we are doing whatever is best fort heir interests. Our twenty-five years of impeccable experience are evidence that our constant dedication pays off.
Bankruptcy
Bankruptcy is a legal process providing financial and economic relief to those people who are unable to repay their debts. Thanks to this process, our team of attorneys has assisted hundreds of friends – families and clients – in achieving the financial peace of mind they so much needed.The main goal of bankruptcy laws is to give insolvent people a fresh new start by relieving them of a big part of their debt. Our highly qualified team carefully protects every client’s assets, including homes, cars and personal belongings, while their debt is being restructured. At Raymond W Verdi, Law Office, we help each and every client find the best alternative to their problems, including Chapters 7 and 13 of the declaration of bankruptcy, as well as different debt repayment options.
Business bankruptcy
When a company fails, there are options under the bankruptcy code that will allow it to repay the debt owed to its creditors. One of these options is the declaration of bankruptcy under Chapter 7, whereby the company stops all commercial transactions, effectively leaving the business completely. An administrator is then appointed to liquidate all the company’s assets and the funds collected are generally used to repay the debt owed to creditors and investors.
A bankrupt company may also use Chapter 11 to reorganize its business while seeking to be profitable again. The company normally remains managed by the company executives but under court supervision. These matters are usually very complex and require more exhaustive legal work.At Raymond W Verdi, Jr P.C, we have the necessary experience and technology to walk companies through this process.