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Chapter 7 bankruptcy gives you a fresh financial start

Taking care of your debts is likely important to you. There may come a time when you have too many debts without enough income. You may decide that you simply can't pay some items, such as credit card bills, and still keep up with your normal life expenses. Chapter 7 bankruptcy might help you if you don't have a high income or considerable assets.

When you opt to file for Chapter 7 bankruptcy, you will have to do a means test. If your income and assets are within the limits, your case can proceed. If they aren't, your case may not move forward as a Chapter 7 and you would need to file a Chapter 13 bankruptcy. We understand that you have a lot on your mind. We are here to work with you to find the best solution for your needs.

One thing to remember about a Chapter 7 bankruptcy is that you won't have to make payments to the bankruptcy trustee to help pay off your creditors. Instead, the nonexempt assets you have will be liquidated. The proceeds from that will be used to pay off creditors. If any debts are left once this is completed, the balances will be done away with when your bankruptcy case closes.

There are some responsibilities that you have when you file for bankruptcy. For example, you have to go through credit counseling before you file. We can help you learn about what you need to do so that you can move forward with your case. Once you have everything done, we will stand by your side as your case moves through the court system so you can enjoy a fresh financial start.

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