Chapter 7 Bankruptcy Can Provide a Fresh Start, Do not be consumed by debt.
The McAfee Law Firm is a licensed bankruptcy attorney ready to help you file for chapter 7 and make the phone call stop.Knowing the bankruptcy laws is probably the best way to protect yourself from creditor harassment and obtain a fresh start. We have helped numerous clients absolve themselves of debt and we can do the same for you. You have some questions, let us answer them regarding chapter 7.
Bankruptcy Chapter 7 Process
Chapter 7 is not for every one, but because we understand the law, The McAfee Law firm will instruct you as to the best course of action while considering all the factors. No matter your situation, you can always trust The McAfee Law Firm to provide honest legal counsel that helps with your debt.
Questions you may have about the process:
What is a Chapter 7 Bankrupcy?
The goal of a chapter is to provide a fresh start for individuals in financial distress. If bankruptcy is right for you, then Chapter 7 will provide and opportunity to help you get out of financial distress and gain a fresh start. Under Chapter 7 of the Bankruptcy Code, all non-exempt property of the debtor is sold and the proceeds distributed to creditors. Usually in these cases, the debtors have no assets to lose and therefore a fresh start is achieved in the least amount of time.
Is Chapter 7 Right for me?
Filing of Chapter 7 Bankruptcy provides for individual to have a fresh start. If you are overwhelmed with debt, liquidation or straight Chapter 7 might be a great option for you. You will be able to have all your debt wiped off and you can start afresh. Don’t Let Debt Ruin Your Life, Get Your Debt Absolved With the Help of The McAfee Law firm.
How Does Chapter 7 Bankruptcy Work?
A trustee is appointed who collects all non-exempt property, sells the assets and distributes proceeds from this sale to appropriate creditors. Chapter 7 is different from other bankruptcy filings because the debtor needs not make a payment to the trustee. Even though in some cases this would mean that you will lose all your assets, this need not always be the case. Under Chapter 7 Bankruptcy, the debtor receives a discharge on all dischargeable debts. There are 19 general classes of debt that are discharged under Chapter 7 Bankruptcy. An added advantage with Chapter 7 bankruptcy is that by signing a reaffirmation agreement a debtor can continue to pay for a car loan or a mortgage on their home. This agreement is in place because as per the US Government Bankruptcy Code a debtor could be allowed to retain some or all of his property.
How to Start the Chapter 7 Process
If you are ready to find out if Chapter 7 Bankruptcy can help improve your financial situation, the best place to start is our Free Case Evaluation form. Complete the form below and an attorney from The McAfee Law Firm will contact you to discuss you option. It only takes a few minutes to complete.
Don’t Let Debt Ruin Your Life, Get Your Debt Absolved With the Help of The McAfee Law Firm. Please call The McAfee Law Firm at 888-266-5303 or fill out our Bankruptcy Intake Form after submission, an attorney will contact you to discuss.