Filing Chapter 7 Bankruptcy
If you have decided to file for bankruptcy under Chapter 7, you could benefit from the legal expertise and assistance of a professional attorney. Chapter 7 allows you to discharge your debt while also retaining your possessions like your home or vehicle. It also helps end lawsuits, debt collection calls, etc. You may need a professional who can determine the exact details of your case.
Call Now for Immediate Help (855) 254-7841.
What exactly is your situation and how can a Chapter 7 bankruptcy help you best?
- Chapter 7 bankruptcy has a low income limit; your income needs to be low enough to qualify
- Most kinds of unsecured debt is discharged in Chapter 7 bankruptcy. If there is nonexempt property, the trustee can sell it to repay your creditors
- A Chapter 7 option works for homeowners whose property is valued at less than the value of the loan against it. Filing under Chapter 7 can relieve the homeowner of unsecured debt
- Usually, businesses can file under Chapter 7 for liquidation
- A Chapter 7 case usually takes up to about four months to complete
Debts can be discharged and you may even be allowed to keep all of your assets or possessions. Most cases under Chapter 7 require a significant amount of paperwork including forms and legal instructions. However, if your case is a simple one, you may not require much help. A professional attorney conversant with the filing for Chapter 7 bankruptcy can better guide you on the details of the filing you need to do. A debt which is not dischargeable under one chapter may be dischargeable under another. Some chapters allow a discharge after completion of all designated payments.
What we do
At Legal Rights Advocates, we are a team of lawyers who understand bankruptcy. But more importantly, we believe in connecting with our clients to understand them better and help ease their anxieties. Understanding our clients better also helps determine the kind of bankruptcy applicable, thus arriving at a more effective solution. At times, this has allowed our clients to rebuild their credit and lead a normal life again.
If you feel you are in the grips of a financial crisis and the debt threatens to grow bigger, give us a call at (855) 254-7841 to discuss your situation and determine whether filing for Chapter 7 bankruptcy could work for you or not.
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