Chapter
7 bankruptcy is a process provided for
under United States federal law by which
you
are entitled
to a fresh start.
Chapter 7 may eliminate most kinds of unsecured
debt. Some examples of unsecured debts are credit
cards; medical bills; most personal loans; judgments
resulting from car accidents; and deficiencies on
repossessed vehicles.
In addition to getting rid of your
debt, you typically can keep all of your property.
As long as your car
and mortgage payments are current, and there is no
significant equity in your property, we should have
no problem making the arrangements for you to reaffirm
the debt. Keep your home, keep your car, keep your
personal belongings, but eliminate your debt; that
is our goal. You may be able to use Chapter
7 to provide you with many benefits.
Stop Creditor Harassment
If creditors are bothering you at work, harassing
your family, friends and neighbors, or calling
at all hours,
you can put an end to it immediately. We will
keep the creditors off your back, and you can stop
paying your creditors immediately.
Eliminate Repossession Debts
After a vehicle finance
company repossesses your car they auction it
to reduce their loss. You are
still
responsible for the balance on the car, called
a 'deficiency balance'. You
can eliminate your liability
for the entire deficiency balance. Remove the
risk of lawsuits and garnishments by filing a Chapter
7.
Stop Garnishments
A Chapter 7 bankruptcy is one of the most effective
ways to immediately stop garnishments. Garnishments
can diminish your hard-earned income making it
nearly impossible for you to afford basic necessities.
Stop lawsuits related
to those car accidents
If you are being sued, and you own a home, we strongly
urge you to speak with a legal representative
immediately about filing a bankruptcy. A bankruptcy
will stop a lawsuit immediately and prevent your
creditors from placing a lien on your home or garnishing
your hard-earned wages. |
