Cassese & Kim, PLLC: Bankruptcy

Bankruptcy can be a way to reclaim financial stability for an individual or small business. That being said, the process of filing a bankruptcy
petition is a daunting and confusing procedure and accordingly need legal help.

Cassese & Kim, PLLC can assist you in restructuring or discharging your debt. Services that we provide are as follows:

• Chapter 7 Liquidation: A Trustee is appointed to take over your property. Any property of value will be liquidated in order to pay your
creditors. You may be able to keep some personal items and possibly real estate depending on the law of the state where you live.

• Chapter 11 Business Reorganization: You may continue to operate your business, but your creditors and the Court must approve a plan
to repay your debts.

• Chapter 13 Personal Reorganization: Like Chapter 11, the Court must approve your repayment plan and budget. You can keep your
property as long as you have a source of income and repay your creditors from your income. The appointed Trustee will oversee the
collection andpaying process so that you follow your repayment plan.