Filing Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Was Designed to Eliminate Debt

Bankruptcy gives options to those struggling with debt. Chapter 7 bankruptcy was designed to eliminate unsecured debt, including:

Credit Cards
Medical Bills
Payday Loans
Some Personal Loans
Utility Bills

Learn how Chapter 7 bankruptcy can work for you. Receive a free bankruptcy case evaluation from a local bankruptcy lawyer by filling out our form below:

Filing Bankruptcy Under Chapter 7

Filing Chapter 7 bankruptcy may also include the strong protections of the Automatic Stay and Chapter 7 exemptions.

These two programs are part of the bankruptcy code in every state and help you protect your home, car, wages and other important possessions from creditors, and may prevent foreclosure.

Typically, Chapter 7 bankruptcy works best for people who:

Owe lots of credit card and medical debt. Bankruptcy is designed to completely eliminate unsecured debts like credit card and medical bills. Typically, it works quickly, meaning you don't have to wait years for a fresh start.
Do not own much property. Chapter 7 property protections vary according to state laws, but, generally speaking, Chapter 7 offers less protection for your property than Chapter 13 bankruptcy. However, Chapter 7 exemptions may allow you to keep your home, car and other valuable items like work tools, furniture, clothes, appliances, photos and books.
Do not have much income. In order to qualify for Chapter 7 bankruptcy, you must pass the means test. A local bankruptcy lawyer can help you with this test, which looks at your income and debts to determine true need.

You don’t have to suffer under your debt. Speak with a local bankruptcy lawyer about how Chapter 7 and Chapter 13 bankruptcy can help you eliminate your debt, protect your property and give you a fresh start.

Additional Filing Chapter 7 Bankruptcy Information

Chapter 7 Bankruptcy Information - Find links to get answers to basic Chapter 7 questions, including the fees you can expect to pay when you file, the documents you will need to supply to your lawyer, and situations in which a Chapter 13 may be better suited to your needs.
Chapter 7 Bankruptcy Requirements - Eligibility to file. Laws passed in 2005 set eligibility requirements for potential filers. In order to file, you must meet certain criteria, including passing the Chapter 7 means test. After you pass the test, you will also need to complete a credit counseling course.
Chapter 7 Bankruptcy Means Test - The means test isn't like the exams you saw in school. Learn how this measure of your debts, income and assets affects your ability to file. The rules for the means test vary by state, and we provide some quick tools to give you a better idea if Chapter 7 may be able to help you.
Chapter 7 Bankruptcy Timeline - Although Chapter 7 is typically one of the fastest acting forms of debt relief, there are still many steps and stages, each requiring you to complete processes, filings or meetings. Know more about what happens, and when, during a bankruptcy case.

A bankruptcy attorney can answer questions about filing bankruptcy.

Click below or call 877-349-1309 to connect with a sponsoring local bankruptcy lawyer for free.

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