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BANKRUPTCY

Chapter 7 is the number one bankruptcy chapter filed in the United States and is commonly known as liquidation bankruptcy. Through liquidation consumers are able to discharge (get rid of) most debts generally acquired by consumers (i.e. credit cards, medical bills, lawsuits, etc…). However, there are also some debts that are non-dischargeable (i.e, student loans, taxes for the past three years, lawsuits when they are based on fraud, etc…). This is why it is important to have an attorney to guide you through the process.

Chapter 7 was enacted by Congress to protect the people’s right to live free of debt. We all want to have a credit card, purchase a house or a car, and live the American Dream. Unfortunately, many banks will provide credit to individuals knowing they will struggle to repay the debt because the bank can then charge the highest interest rate possible. When this happens, individuals acquire debt that only grows each month until it reaches the point that the debt is un-payable and the consumer struggles to even have just enough to pay for the basic human needs. This is when filing for Bankruptcy Chapter 7 is the only option.

One of the primary purposes of bankruptcy is to discharge certain debts to give an honest debtor a "fresh start." The debtor has no liability for discharged debts. In a chapter 7 case, however, a discharge is only available to individual debtors, not to partnerships or corporations. 11 U.S.C. § 727(a)(1). Although an individual chapter 7 case usually results in a discharge of debts, the right to a discharge is not absolute, and some types of debts are not discharged. Moreover, a bankruptcy discharge does not extinguish a lien on property.

Do you feel like there is no way out of debt? Call us, we can help you. Protect yourself and your family from harassing creditors. The moment you hire our services, is the moment you can pick up your phone without worrying that a creditor on the other side of the line, and if it is, all you have to do is let them know that the best bankruptcy attorney is representing you and give them our number. $300.00 can start your process.