attorney peter daigle talks about how to prepare for bankruptcy

by Dr. Jules Shanahan 6 min read

Who is Peter Daigle?

Attorney Peter Daigle is committed to helping individuals and small businesses who are struggling with debt. The attorneys at the Law Offices of Peter M. Daigle, along with a professional staff of paralegal and legal assistants, realize that you don't get many second chances in life.

What does Chapter 7 bankruptcy mean?

Chapter 7, or liquidation bankruptcy, means that your "estate" – i.e., your assets – is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors' needs are assessed.