Chapter 7

Chapter 7 Bankruptcy is also referred to as a “Fresh Start” or Debt Elimination.

You might be thinking you can’t believe you’re considering bankruptcy. You’re blaming yourself for financial missteps, or maybe a medical bill or job loss that was completely out of your control sent your financial life spiraling. Now you just want to make the collections calls stop. And that oppressive stack of bills can go, too. You need a breather, to take stock — to start over.

You are not alone. Seriously.

Increasingly, more people are taking the bankruptcy route. It is a legal solution that is actually codified in our U.S. Constitution. Even our forefathers understood how people get in over their heads. And instead of setting up debtors’ prison as they did in the Old Country, they had the forethought to develop a legal system to restore hardworking Americans who might fall on hard times. In an age of rampant foreclosures and job loss, bankruptcy is a viable route to regaining financial peace and common sense in your life.

Chapter 7 is normally the simplest form of bankruptcy. From case filing to discharge, this process can offer you and your family a brand new beginning in as little as four months. An experienced bankruptcy attorney has the tools to prepare your documents correctly, protect most, if not all, of your property, and ensure the success of your case. They key is to get your head out of the sand, breathe deeply and make an appointment so an attorney can help you take control of your situation in a timely manner.

Chapter 7 Bankruptcy ELIMINATES most debt including:

• Payday Loans
• Credit Cars
• Personal Loans
• Repossessions and Deficiencies
• Foreclosure Deficiencies
• Judgments and Lawsuits
• Wage Deductions, Assignment and Garnishments
• Medical Bills
• Utility Bills
• Some Tickets and Fines
• Some Taxes

How Does Chapter 7 Work?

Once your Chapter 7 Bankruptcy is filed with the court, all creditors are BARRED from trying to collect the debts they are owed.

If you file Chapter 7 with a house or a car, continue to make the payments on your mortgage or car note, if you wish to keep your property. Our attorneys work closely with you and the court from your first appointment until your discharge papers are received from the court.

Debtors who seek Chapter 7 bankruptcy

Debtors who seek Chapter 7 Bankruptcy are subject to a “means test” to determine if the debtor’s monthly income is more than the stated median. Before considering Chapter 7, find out if this method is suitable for your situation.

Chapter 7 Eligibility

Chapter 7 Bankruptcy is available to individual people, married couples, corporations, and partnerships. Debtors who seek Chapter 7 Bankruptcy are subject to a “means test” to determine if the debtor’s monthly income is more than the stated median. Before considering Chapter 7, call our offices for caring and expert advice.