CHAPTER 7 BANKRUPTCY
ELIMINATE DEBT AND CREDITOR HARASSMENT BY FILING FOR CHAPTER 7
A Chapter 7 bankruptcy is a debt liquidation available to both individuals and businesses. It allows a person or business to discharge certain debts including credit card, personal loans and medical bills, thereby obtaining tremendous relief from debts they can no longer pay. Once the debt is discharged, the debtor is free from creditor collection practices.
At the Law Office of Michael Schwartz, we represent individuals, married couples and businesses in debt relief services, including Chapter 7 bankruptcy. We offer a free consultation to explain Chapter 7 bankruptcy and help our clients make informed decisions as to whether or not it is right for them. We want to pursue the best course of action for your financial situation.
It is critical that anyone who is considering Chapter 7 bankruptcy consult a bankruptcy lawyer prior to filing a case. In Chapter 7 bankruptcy, the Court has tremendous powers to seize and sell assets of the Debtor. While the filer has some exemptions available to protect property, it is important that the values of assets and amount of exemptions are considered and evaluated property by an experience bankruptcy lawyer like Michael Schwartz.
THE BENEFITS OF FILING CHAPTER 7 BANKRUPTCY:
- Eliminate or reduce dischargeable debts (including credit cards, personal loans and medical bills)
- Stop harassing collection calls and creditor harassment
- Stop the levy and garnishment of a bank account
- Stop car repossessions
- Stop foreclosure and sheriff sales
- Stay a lawsuit or foreclosure
- Prevent a tax sale of your property
QUALIFYING FOR CHAPTER 7:
Changes to the bankruptcy laws in 2005 made it necessary for debtors to complete a means test before filing bankruptcy. In general, debtors whose income fall below the median income may qualify for Chapter 7. However, there are other factors to consider such as income compared to overall expenses (disposable income). Unexempt assets must also be considered in this analysis. Our firm understands the nuances of filing bankruptcy and the means test to help to determine whether you qualify for this bankruptcy option.
Contact Michael Schwartz, Esquire to schedule a free consultation to discuss your options in bankruptcy. Make Michael Schwartz your bankruptcy lawyer near me.