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What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is a solution available to individuals going through hard financial situations. Individuals and couples who file for Chapter 7 can legally wipe away all or some of their debt.

Most people choose Chapter 7 Bankruptcy when they want to completely discharge (eliminate) their debt. But it’s not right for everyone.

Depending on your circumstances, it may be more appropriate and beneficial to you to file a repayment plan (which is part of the Chapter 13 Bankruptcy process).

Determining which of the two consumer bankruptcy paths would work best for you, if any, is what we do best!

And we’ve met with plenty of people who would benefit more from solutions that do not involve bankruptcy. In those cases, we’re happy to educate you on the option that does make the most sense for you and your family.

We specialize in Bankruptcy law, so we understand better than anyone which solution will provide the fastest, most economical way for you to get the debt behind you. It maybe that Chapter 7 is the right course of action. We’ll help you sort it all out when we meet.

There are also many myths about bankruptcy that we’ll help to dispel – that you are not able to keep your car, your home or personal belongings. The bankruptcy process is actually quite the opposite. In most situations you are able to keep certain property and your personal belongings if handled and filed properly by a trained and licensed attorney. However it requires proper planning, and careful execution by the attorney and trustee who will both be involved in the process of filing your case.

There’s also an unfortunate myth perpetuated that filing for bankruptcy protection will prevent you from being able to qualify for a home or car loan for 7-10 years. This is simply false. Most of our clients are able to qualify for home and car loans inside of two years.

Without speaking to a licensed attorney it is difficult to determine if Chapter 7 bankruptcy is right for you. An attorney who specializes in Bankruptcy can provide you with one or more options all with the goal of getting your financial house in order, and your life back on track.

Speaking to an attorney is free, and takes only 15-30 minutes. That means you are only 30 minutes away from finding out how you can rid your life of the stress caused by financial hardship.

To schedule a consultation with one of our experienced attorneys, just call, or complete the form below.

That’s why it’s so important that you get and understand the facts for yourself. Schedule your confidential and complimentary consultation by filling out the form to the right or by calling us at 972.243.3960.