Bankruptcy helps consumers and businesses get rid of their debts and repay their creditors. There are usually two types of bankruptcy options: liquidation or reorganization.  Any debt remaining after either option can be discharged, if it is eligible. Liquidation has the debtor give up non-exempt property to be sold, with all of the profit going to the creditors.  Exempt property remains in the hands of the debtor. Reorganization allows the person in debt to keep possession of his/her property as long as they accept an installment plan to partially pay back creditors the amount owed.

JEP lawyers working on Bankruptcy provide services that may include:

Chapter 7 and Chapter 13 proceedings which are the most common for individuals.

  • Chapter 7 bankruptcies normally fall in the liquidation category. This means that if you choose this option and own non-exempt property, it could be taken and sold in the process of liquidation in order to pay back your debts.  However, many debtors do not have enough property to require a liquidation, and are granted a discharge of their debts.
  • Chapter 13 bankruptcies generally fall under the reorganization category, meaning that you will probably be able to keep your property, but you must submit and stick to a plan that will allow you to repay some or all of your debts within 36 to 60 months (3 to 5 years).
  • Tina Tran

    Needle & Thread Law LLC

    Tina (“Ty”) Tran is a debt relief attorney, concentrating primarily on Ch. 7 and Ch. 13 Consumer Bankruptcy. She aspires to create an affirming and welcoming environment for people of all cultures and backgrounds, regardless of their gender, race, or sexual orientation. She believes in keeping the law simple and making it accessible for everyday people facing creditor lawsuits, wage garnishments, bank account freezes, foreclosures, and repossessions. Tina has a myriad of experience defending debtors trying to get back on their feet against debt collectors and their aggressive tactics. Start rebuilding your life today, stitch by stitch. Contact Needle & Thread Law for a future free from debt. When out of court and not at the office, Tina spends her time advocating for the equality and rights of all people. Debt relief attorney, and social justice advocate, Tina Tran can be reached by telephone at (773) 609-3637 or by e-mail at

  • Magda Derisma

    Derisma Law

    Magda Derisma works to help working class people get out of debt, gain a fresh start, and build wealth through real estate. Specifically, Magda represents clients in Chapter 7 and Chapter 13 bankruptcies, loan modifications, and real estate transactions. At the age of 19, Magda graduated with a Bachelor of Arts, Magna Cum Laude, from the University of Florida. Magda received her Juris Doctorate and Masters in Public Policy from Loyola University Chicago. While in law school she worked as a summer judicial law clerk for Bankruptcy Judge, the Honorable Judge Laurel M. Isicoff. Magda has served her community as a classroom teacher, children’s rights advocate, political analyst, education consultant, lobbyist, and attorney. Magda is a fierce advocate who prides herself on a high standard of legal ethics and giving her clients a fresh start. You can reach Magda at (312) 788-9259 or

  • Daniel Brown

    The Law Office of Daniel Brown

    Daniel Brown is a consumer advocate. He dedicates his practice to helping regular people fight back against big banks and aggressive debt collectors. He helps consumers with bills sent to collections, creditor lawsuits, wage garnishment, repossession, foreclosure, and bankruptcy. Consumer protection laws give people rights against their creditors. Daniel helps his clients understand these rights and develops a legal strategy that’s tailored to each client’s unique circumstances. He also offers affordable flat rates, contingency fees, and subscription pricing options instead of unpredictable hourly fees. He is passionate about delivering top quality legal services to ordinary people struggling with debt. Daniel earned his J.D. cum laude from Harvard Law School in 2009. He can be reached at (773) 453-7410 or