Chapter 7 Bankruptcy
Don’t Let Debt Defeat You: Chapter 7 Bankruptcy Can Provide a Fresh Start
If you’re plagued by debt, filing chapter 7 bankruptcy may be the most effective way to protect yourself from creditor harassment and start afresh.
What is a chapter 7 bankruptcy? A chapter 7, or liquidation bankruptcy, means that your “estate” – i.e., your assets – is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors’ needs are assessed. A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor’s property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain “exempt” property; but a trustee will liquidate the debtor’s remaining assets.
The Law Office of Sara Tremel is the bankruptcy firm that is ready help you file for chapter 7 and make the phone calls stop. We’ve helped numerous clients absolve themselves of debt and can do the same for you. Some advantages to filing chapter 7 with The Law Office of Sara Tremel include:
- Help analyzing your debt
- Determining your property exemptions
- Assuring your eligibility for Chapter 7
- Reaffirming your secured debts
- Assistance filing all the necessary Chapter 7 forms
Beyond guiding you through the chapter 7 process, The Law Office of Sara Tremel will instruct you as to the best course of action. Chapter 7 isn’t for everyone, and there are numerous factors to consider. No matter your situation, you can always trust The Law Office of Sara Tremel to provide honest legal counsel that helps with your debt.
Don’t Let Debt Ruin Your Life; Get Your Debt Absolved With Help From The Law Office of Sara Tremel. To schedule a free consultation please call or email us today!