Chapter 7 Bankruptcy is what is known as “Straight Bankruptcy.” A Chapter 7 filing wipes your slate clean! We can discharge all your unsecured debts for you with a few exceptions such as: certain tax debts, money owed to the government for fines/costs, anything associated with fraud, student loans and child support/alimony obligations. All other debts can be discharged in a Chapter 7 filing.
Filing a Chapter 7 case will truly give you a fresh start! You will be able to rebuild your life and no longer worry about your old debts! You can start rebuilding your credit right away!
One of the biggest misconceptions about a bankruptcy filing is that the court will take all of your property and sell it for the purposes of paying off your creditors. That is simply not the case!
You are allowed certain exemptions in property based on your equity in that particular piece of property. In most cases, you will be able to keep all of your property and get rid of your debts at the same time.
Our firm has never had a Chapter 7 bankruptcy dismissed due to attorney error or miscalculation. In all cases where our clients have followed through on the case (appeared at court, paid court costs, completed required post-filing credit counseling) and have been honest in their dealings with us and the court, we have a 100% discharge rate.
Please contact us and set up your consultation to discuss Chapter 7 further.