Learn more about the Chapter 7 Bankruptcy Process...
What is a Chapter 7 Bankruptcy?
A chapter 7 bankruptcy is the form of bankruptcy that most
consumers file. Its purpose is to eliminate overwhelming debt,
which may include credit card debt, bank loans, medical bills,
most court judgments, and deficiencies on repossessed vehicles.
The good news is that if you file a Chapter 7 consumer
Bankruptcy, most actions against you, including garnishment,
foreclosure, bank restraint, lawsuits, and harassment by
creditors, cease immediately.
One of the main purposes of Bankruptcy Law is to give a person,
who is hopelessly burdened with debt, a fresh start by wiping out
his or her debts.
IS IT DIFFICULT TO FILE CHAPTER 7 UNDER THE NEW BANKRUPTCY
LAWS?
No. There has been much doom and gloom written about the new
laws and how much more difficult it's going to be to file Chapter
7. It's true that there are more hoops to jump through under the
new laws and it's true that the bankruptcy means test will result
in some people having to file chapter 13 instead of Chapter 7.
However, for the vast majority of filers Chapter 7 is still available
with very little extra effort!
WILL MY CREDITORS STOP HARASSING ME?
Yes, they will! By law, all actions against a debtor must cease
once the documents are filed. Creditors cannot initiate or
continue any lawsuits, wage garnishments, or even telephone
calls demanding payments. Secured creditors such as banks
holding, for example, a lien on a car, will get the stay lifted if you
cannot make payments.
I WAS BANKRUPT BEFORE. WHEN CAN I FILE AGAIN?
A person can file Chapter 7 again if it has been more than 8 years
since he or she was discharged from the previous Chapter 7
bankruptcy.
DO YOU HAVE MORE QUESTIONS?
Call us today for your free Bankruptcy Evaluation. (305) 266-5999.
An Attorney will answer all of the questions that you might have.
What is a Chapter 7 Bankruptcy?
A chapter 7 bankruptcy is the form of bankruptcy that most
consumers file. Its purpose is to eliminate overwhelming debt,
which may include credit card debt, bank loans, medical bills,
most court judgments, and deficiencies on repossessed vehicles.
The good news is that if you file a Chapter 7 consumer
Bankruptcy, most actions against you, including garnishment,
foreclosure, bank restraint, lawsuits, and harassment by
creditors, cease immediately.
One of the main purposes of Bankruptcy Law is to give a person,
who is hopelessly burdened with debt, a fresh start by wiping out
his or her debts.
IS IT DIFFICULT TO FILE CHAPTER 7 UNDER THE NEW BANKRUPTCY
LAWS?
No. There has been much doom and gloom written about the new
laws and how much more difficult it's going to be to file Chapter
7. It's true that there are more hoops to jump through under the
new laws and it's true that the bankruptcy means test will result
in some people having to file chapter 13 instead of Chapter 7.
However, for the vast majority of filers Chapter 7 is still available
with very little extra effort!
WILL MY CREDITORS STOP HARASSING ME?
Yes, they will! By law, all actions against a debtor must cease
once the documents are filed. Creditors cannot initiate or
continue any lawsuits, wage garnishments, or even telephone
calls demanding payments. Secured creditors such as banks
holding, for example, a lien on a car, will get the stay lifted if you
cannot make payments.
I WAS BANKRUPT BEFORE. WHEN CAN I FILE AGAIN?
A person can file Chapter 7 again if it has been more than 8 years
since he or she was discharged from the previous Chapter 7
bankruptcy.
DO YOU HAVE MORE QUESTIONS?
Call us today for your free Bankruptcy Evaluation. (305) 266-5999.
An Attorney will answer all of the questions that you might have.
ALL CONSULTATIONS FREE
BANKRUPTCY QUESTIONS?
CHAPTER 7 BANKRUPTCY INFORMATION
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| SAGRE LAW FIRM PROFESSIONAL ASSOCIATION |
TELEPHONE (305) 266-5999