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Chapter 7

For those who are struggling with unsecured debts like credit card debt, medical bills, and certain tax debts, Chapter 7 provides relief that is immediate. Chapter 7 bankruptcy allows individuals to liquidate (and not pay) most of these debts. When you file under chapter 7 of the federal bankruptcy code, you are normally allowed to keep some of your assets and start over debt free, with the exception of some tax debt, student loans, and child support payments.

Many people think that when you file for Chapter 7 bankruptcy, you will lose all of your property. This is actually not the case at all. The majority of your household property is actually exempt from creditor collection efforts, and you can even keep your car and your home in certain cases.

When filing for Chapter 7 bankruptcy, be prepared to disclose the names and addresses of your creditors, the nature of each debt, information pertaining to your own income, a list of your household’s monthly expenses, and information regarding your assets.

If Chapter 7 is the best option for you, you will work directly with a bankruptcy lawyer to create the necessary documents and formulate the best plan of action in your case. Our attorneys have the expertise and experience to determine the best course of action for you in your unique circumstances.

You will need to speak to an attorney to find out if you are eligible for a Chapter 7 bankruptcy. It will be determined whether or not you can feasibly re-pay your debts and expenses with the income you are currently bringing in. This will help to determine whether or not you should be filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Our experienced bankruptcy attorneys can help you to better understand your individual case.

Chapter 7 bankruptcy can be complicated and confusing. Your unique situation may benefit more from a Chapter 13 bankruptcy. It is essential to have a qualified attorney help you navigate the process. We will work closely with you to determine the best action for you to take. Contact our attorneys today for a free consultation.

Please see our Forms page to print out the forms we require you to bring with you. 

If you would like more bankruptcy information, or would to speak with a credit card debt lawyer about bankruptcy rules and ramifications, contact us today. We will help you find the best solution to your financial problems.