Law FIrm, llc

Chapter 7 Bankruptcy

What is Chapter 7?


Starting over with a Chapter 7 Bankruptcy is considered a Fresh Start and gives you a clean slate.  Chapter 7 Bankruptcy enables you to eliminate many different kinds of debts, including: credit card debt, medical bills, and certain unsecured loans that are not backed by any form of collateral. You may also be able to eliminate certain tax debts.
​Chapter 7 is the most common form of bankruptcy in the United States.  In a Chapter 7 Bankruptcy, the individual is allowed to keep certain exempt property.  
​As soon as you file a Chapter 7 Bankruptcy, your creditors are no longer permitted to contact you or take legal action against you. A Chapter 7 Bankruptcy can stop your wages from being garnished or your bank accounts from being levied.

Will you lose Your House and Your Car?


Most people appreciate the idea of getting a fresh start and stopping creditor harassment, but worry about losing their possessions in bankruptcy. In most cases, we are able to protect your home and car, if not in a Chapter 7 then in a Chapter 13 Bankruptcy. 


May A Small Business File Chapter 7?


Chapter 7 Bankruptcy can provide many small businesses with the relief they need. 


Bankruptcy Misinformation


Searching the internet may cause confusion because not all of it is accurate or up-to-date. Bankruptcy laws are complex, and every state has different rules governing exemptions.  Family and friends may add to this confusion because every bankruptcy case is unique and your circumstances could be different. Bankruptcy provides many different options. Our experienced bankruptcy attorneys will be happy to discuss how Chapter 7 bankruptcy can assist you. 


Life After Bankruptcy?


There is life after bankruptcy! Our law firm will advise you what to expect when you file and give you suggestions on what to do after bankruptcy. 


Do You Qualify for Chapter 7 Bankruptcy?


Depending on whether or not you can pass the means test, Chapter 7 could be the best way for you to regain control of your finances. If you do not pass the means test you may consider a Chapter 13 Bankruptcy. To discover what bankruptcy options are available to you, contact us today for a free confidential consultation.