As a result of the recent downturn in the U.S economy, many individuals, families and businesses can often find themselves in the midst of financial hardship. Though otherwise relatively straightforward, a chapter 7 bankruptcy filing can become quite complicated without the help of an experienced lawyer to achieve your goals.
Strict qualifications must be met to qualify for chapter 7 bankruptcy. We will be glad to determine if you qualify for chapter 7 or if your only choice is a chapter 13 filing.
If you do qualify for chapter 7 bankruptcy don’t worry. Personal property is exempt under federal law. Liquidation does not mean that you have to give up your personal property like your car, and even your house. Filing for chapter 7 bankruptcy can allow you to gain a fresh financial start, as well as stop foreclosure, and put an immediate stop to creditor harassment.
You would be surprised at what kind of of debt can actually be successfully eliminated through a chapter 7 bankruptcy petition. But no matter what kinds of debt problems you are facing, the biggest mistake you can make to your financial future is waiting too long to get the proper legal advice.
You don’t have to face these troubles alone, debt relief solutions do exist. If you need immediate relief from credit card debt, or simply want an honest assessment of whether bankruptcy is the right course for you, Dennery Bankruptcy Law can help. Contact us to schedule a free strategy session with an experienced bankruptcy attorney today!
Individual Chapter 7 Bankruptcy
Also known as liquidation, Chapter 7 bankruptcy allows individuals to discharge all of their outstanding unsecured debt, such as credit cards and medical expenses. At Dennery Bankruptcy Law, we can help you you to save your home, car and personal belongings, by taking advantage of all the state and federal exemptions available to you.
Business Chapter 7 Bankruptcy
Chapter 7 bankruptcy works almost the same for businesses as it does for individuals, by offering a fresh start and allowing the discharge of outstanding unsecured debt. Also representing corporations and LLCs, the experts at Dennery Bankruptcy Law have the experience necessary to help you properly distinguish between your business and personal debt.