Rapid City South Dakota Chapter 7, Chapter 11, Chapter 12 and Chapter 13 Bankruptcy Attorney
Business and personal bankruptcy*
If you are facing mounting debt and uncertain how to protect yourself against creditors, we can help. Anker Law Group has a track record dating back for more than two decades of helping businesses and individuals successfully resolve financial troubles.
If you are a mid-size business owner who needs the breathing space, a reorganization will help you remain solvent. If you are a family farmer that needs to stop the bank from taking the cattle or foreclosing on equipment or if you are a consumer who has lost your job and are under tremendous financial strain, attorneys Stan Anker and Stanton Anker can help you find debt relief.
Overcoming the fear of debt
Our lawyers work with people from different types of backgrounds and in all types of financial situations. No situation is too complex or overwhelming for us — we are here to provide you with effective legal advice. Our attorneys are strong advocates and will help you get to the light at the end of the tunnel.
Debt relief for consumers
Coming to the decision to file for bankruptcy is not easy. We see clients every day who never expected that they would find themselves in such a difficult financial situation. We understand what you are going through. While we cannot change the economic client, we can provide reassurance by reviewing your financial situation, including your income, assets, bills and expenses, and helping you understand what your legal options are.
If you qualify under the bankruptcy code for a Chapter 7 bankruptcy, your unsecured debts can be wiped out, with certain exceptions. If you earn too much money to liquidate most of your debt, Chapter 13 may be appropriate. This involves developing a workable repayment plan over three to five years.
Personal bankruptcy options
Most individuals file Chapter 7 or Chapter 13 bankruptcy. There are a few key differences between the two types of bankruptcies, which are outlined below:
Chapter 7: If you qualify (under the means test) for Chapter 7, you will be able to get rid of unsecured debts and start with a clean slate. Many people who file Chapter 7 have minimal assets.
Chapter 13: When you file Chapter 13, you pay back a portion of your debts over a three-to five-year period. At the end of your repayment period, the remainder of your debt may be discharged.
There are reasons for choosing Chapter 7 or Chapter 13, and our lawyers are here to help evaluate your situation, so you can make a decision about how to proceed. In addition to handling Chapter 7 and Chapter 13 bankruptcy, we also help clients with foreclosures, liens, medical and credit card debt, repossessions, and more.
Debt relief for business owners
We will listen carefully to your needs, concerns and goals, evaluate your current situation and help you reorganize or liquidate your business, depending on what is in your best interests. Attorneys at this firm can also help you resolve complex business legal matters, tax disputes and other legal issues that may arise due to financial insolvency.
Bankruptcy for Family Farmers
Because of our farming and ranching background, we understand the complexities of that business. If you’re a rancher who needs to stop the bank from taking your cattle or foreclosing on your new combine, we can help you get financial relief through Chapter 12 bankruptcy.
What bankruptcy does
If bankruptcy is filed, all creditor actions against you must temporarily stop, until the bankruptcy is resolved.
Debt relief services
The firm offers debt-relief legal services that include:
Chapter 7 debt relief for individuals and business owners
Chapter 11 business reorganization or restructure
Chapter 12 family farmer reorganization (South Dakota Chapter 12 attorneys)
Chapter 13 wage earner reorganization
Individual and Business tax debt resolution
The firm also represents creditors and creditor committees in efforts to collect on debt in South Dakota.
Anker Law Group, P.C. Rock-solid representation.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.