Don't Let Debt Defeat You: Chapter 7 Bankruptcy Can Provide a Fresh Start

Chapter 7 is the most common type of bankruptcy filed in the U.S.  The majority of Americans turn to Chapter 7 to eliminate debt.  Who could blame them?  It provides people with a quick opportunity to gain a fresh start!

The most common reasons for Chapter 7 Bankruptcy are unemployment, overwhelming medical expenses, overextended credit, and marital problems.  Medical bankruptcies, especially, affect two million Americans annually.  If you have little or no money after basic expenses are paid, or can’t pay those basic expenses at all, it may be time to file a Chapter 7 bankruptcy.

By filing Chapter 7, you eliminate unsecured debt such as credit card bills, medical debt, utility bills, and personal loans.  The process is quick and easy.  In a matter of months, you could be discharged of all that debt.  You won’t receive another call from those annoying creditors!

Chapter 7 Bankruptcy is a great option for people who possess little non-exempt property and assets.  Non-exempt property does not include your house and car.  As long as you prove to the court that you can continue to make payments on your mortgage or car loan, you don’t need to surrender either one.  According to the U.S. Government Bankruptcy Code, debtors are allowed to retain some or all of their property.

At the Law Offices of Michael Lupolover, P.C. a licensed bankruptcy attorney will be ready to help you file for Chapter 7 Bankruptcy.  We’ve helped many clients absolve themselves of debt, and we can do the same for you!  Some advantages to filing Chapter 7 Bankruptcy with the Law Offices of Michael Lupolover, P.C. include:
    •    Better understanding of bankruptcy laws
    •    Help analyzing your debt
    •    Determining if bankruptcy is the right solution for you
    •    Assuring your eligibility for Chapter 7
    •    Reaffirming your secured debts
    •    Assistance filing all the necessary Chapter 7 forms

Bankruptcy Chapter 7 Process

Chapter 7 Bankruptcy is a fairly simple process. 

There are certain guidelines you need to follow before filing Chapter 7.  You must have finished an approved credit counseling course six months prior to filing. This course is quick, simple and easy. We can even show you how to take this course online. 
 
An experienced bankruptcy attorney who prepares and files your petition will interview and answer any of your questions.  A Chapter 7 Bankruptcy usually only requires one trip to the courthouse.  After you file, our office gets a notice of what's called a creditors’ meeting. An experienced bankruptcy attorney will attend and prepare you for this meeting.  At this meeting the trustee asks you questions about your bankruptcy petition.

After your debts are discharged, creditors are not allowed to harass you in order to collect what you owed to them.  They cannot legally garnish your wages, empty your bank account, go after your house or other property, repossess your car, cut off your utilities, or stop welfare benefits.

Beyond guiding you through the Chapter 7 process, The Law Offices of Michael Lupolover, P.C. will instruct you as to the best course of action.  Chapter 7 isn’t for everyone, as there are numerous facts to consider.  No matter what your situation is, you can always trust The Law Offices of Michael Lupolover, P.C. to provide honest legal counsel that helps with your debt.

Don’t Let Debt Ruin Your Life.  Get your debt absolved with the help of The Law Offices of Michael Lupolover, P.C.

To schedule a free consultation, please call The Law Offices of Michael Lupolover, P.C. today! or fill out our Bankruptcy Intake Form after submission, an attorney will contact you to discuss.