Chapter 7 Bankruptcy Attorneys

We have filed thousands of Chapter 7 bankruptcies

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Chapter 7 Bankruptcy

Chapter 7 bankruptcy is a type of bankruptcy that allows you to eliminate your unsecured debt without having an obligation to repay it.  Examples of unsecured debt are medical bills, credit card debt, payday loans and signature loans where there is no collateral used.  Repossession deficiencies and judgments are also unsecured debt.  Chapter 7 bankruptcy allows you to continue making payments on your secured debt, such as, vehicle and mortgage.  Generally, your personally belongings are protected under state exemptions. Chapter 7 bankruptcy will stop lawsuits, garnishments, foreclosures and repossessions, even if the process has already begun. If your debt exceeds more than you could ever repay, you may be a candidate for Chapter 7 bankruptcy.

Chapter 7 bankruptcy is approximately a four month process from the time your petition is filed until a discharge is granted.  The process of a Chapter 7 bankruptcy includes many steps. Your bankruptcy attorney will guide you through the entire process which includes the actual filing of a Chapter 7 Bankruptcy Petition with your jurisdictions Bankruptcy Court.  Once your case is filed with the Bankruptcy Court, it will then be administered by an assigned Bankruptcy Trustee.  Approximately 30 days after your case is filed, you will be required to attend what is called a 341 Meeting of the Creditors.  Before the meeting, your bankruptcy attorney will help you prepare for the questions the Trustee may ask.  The 341 Meeting of the Creditors generally only takes five to fifteen minutes.

Your Chapter 7 bankruptcy case will end with a discharge of all debts that you are entitled to discharge.  Once the debt is discharged, creditors are forever banned from any collection actions against you or reporting it to a credit bureau.

Reasons Chapter 7 Bankruptcy May Be Your Best Option:

  • If you are having difficulty paying bills.
  • If you are being sued.
  • If your wages are being garnished.
  • If you are behind on credit card debt or only making minimum payments.
  • If you are unable to pay medical bills.
  • If you are having trouble meeting your basic needs and necessities.
  • If you are being harassed by creditors.
  • If you are only able to make minimum payments on bills every month.
  • If your monthly debt payments exceed your monthly income when combined with your living expenses.
  • If you would like to wipe out your debts and get a fresh start quickly.
  • If you do not need to file bankruptcy to catch up on car payments or mortgage payments, but you want to wipe out your unsecured debts.

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We are a debt relief agency. We have successfully helped thousands of people file for bankruptcy relief under the bankruptcy code.
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