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Chapter 7 Bankruptcy

I know that making the decision to file for Chapter 7 Bankruptcy is not easy. After spending years working toward your financial goals, an unexpected bump in the road can make it difficult to repay your debt. I can help.

Getting a Fresh Financial Start with Chapter 7 Bankruptcy

I know that you have many questions about how the bankruptcy process works, and I want to emphasize up front that I am here to advocate for you and to help you find the best way to manage your debt based on your specific financial situation. Chapter 7 Bankruptcy is a type of liquidation bankruptcy, which means that sometimes, in order to be eligible for a discharge of your debt, any unprotected property will either be liquidated to repay creditors, or you will be required to pay the Trustee the unprotected amount. It can be incredibly tough to realize that you may need to pay the Trustee or give up certain assets.

But considering Chapter 7 Bankruptcy can give you the fresh financial start you need, you gain a lot more than what you actually lose. In addition, I would like to clarify that Chapter 7 Bankruptcy never results in the liquidation of all assets. In fact, many times all assets can be protected and the only thing you lose is your dischargeable debt. I can speak with you today about your assets that can be protected from the bankruptcy process. The sooner I start helping you with Chapter 7 Bankruptcy, the sooner you can find some relief from your debt.

Chapter 7 bankruptcy can give you the debt relief you desperately need.

FAQ

Do you have questions about Chapter 7 Bankruptcy?

Most filing Chapter 7 Bankruptcy are generally concerned about losing assets. I know this can be an anxiety-inducing process, but I want to assure you that many, if not all, of your assets will be exempt (protected) from liquidation, and you will be able to keep them once the bankruptcy case is closed. I will always inform you of any asset that cannot be fully protected, so together we can discuss your options before moving forward with filing your case.
I know that bankruptcy law is incredibly complicated, and it is difficult to understand eligibility for different types of bankruptcy. In general, to be eligible for Chapter 7 bankruptcy, you will have to pass a test known as the “Means Test.” However, I do not want you to worry about this process as I will assess your financial situation, and inform you whether or not you qualify. If it is determined you are ineligible for Chapter 7, or it is not the best option for you, we can discuss other available options.
There are a lot of myths and incorrect information about Chapter 7 Bankruptcy out there. Most of those considering bankruptcy worry they will be unable to obtain credit again if they file for bankruptcy. Please rest assured that filing for Chapter 7 Bankruptcy will not make you ineligible for credit cards, a mortgage, or other loans in the future.

Testimonials

Get in touch today

As a dedicated and experienced professional at an Orange County consumer bankruptcy firm, I can begin working with you today to manage your debt.

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