The most common reasons for filing are job loss, catastrophic illness, divorce, business failure, high credit card fees and predatory lending practices.

My name is Mark Kraynak, and I help clients with bankruptcy matters with confidence, ease and integrity.

My practice involves the preparing and filing of Chapter 7 and Chapter 13 which are the two main chapters.

Chapter 7 is a liquidation of debts while Chapter 13 is a reorganization where the debtor creates a three to five year repayment plan. Immediately upon filing an automatic stay goes into effect provided you have not been involved in the filing of recent bankruptcy cases. This provision prevents creditors from making direct contact with you or staking a claim to any of your property from the date of filing.