GET THE FRESH START YOU DESERVE I am proud to focus solely on bankruptcy and on helping my clients find relief from daunting debt. If you or if someone you know is facing a devastating financial crisis, there may be hope through filing a chapter 7 bankruptcy. I can educate you on the requirements for filing, the benefits of filing for this type of debt relief, and what you can expect both during the process and after the bankruptcy has been completed. Contact me today to learn more. To file for and complete a chapter 7 bankruptcy, you must do the following:
File a petition with the bankruptcy court
File a statement of financial affairs
File other information about your creditors, income, assets, etc.
File a schedule of exempt property named under the law
Provide all tax returns and tax-related documents
Attend a creditors' meeting
PROTECTING YOUR ASSETS IN A CHAPTER 7 BANKRUPTCY CASE Once you know that filing for bankruptcy under Chapter 7 is the best option for you, the next step is knowing when to file. Choosing the appropriate time to move forward with your case is the best action you can take to protect your assets and will improve the success of the filing. It is also important to determine whether your specific debts are dischargeable in a Chapter 7 bankruptcy case. In order to find out what assets are protected from liquidation, I encourage you to consult with me.
ELIGIBILITY REQUIREMENTS Not everyone will qualify for Chapter 7 bankruptcy and you will need to take the “Means Test” to determine whether you qualify. You may be excluded from having to take it if your income is far below the median for your family’s size. Once it is determined that the individual qualifies, he or she can have all debts discharged once the liquidation process is finalized. This will allow a “fresh start” for debtors who need one. If Chapter 7 is not right for you, I can help you discover the best fit for your financial situation, including pursuing a Chapter 13 bankruptcy. If you are facing financial distress, there may be hope for a future without it! Imagine a life free from debt and the possibilities that could be available to you and your family without the weight of constant contact from creditors. Don't hesitate to call me as soon as possible to learn more about how I may be able to help you find this financial freedom.