Stop Creditor Harassment And Opt For A Fresh Start With A Chapter 7 Bankruptcy
If you are receiving constant phone calls from debt collectors, attorney Donald L. Bell can help you file a Chapter 7 bankruptcy to stop the harassing phone calls.
If your debt payments are more than the paycheck you bring home, and you have not been able to find a solution to your financial issues, filing a Chapter 7 bankruptcy may be your best option. If your credit card debts, medical bills, payday loans and other debts become overwhelming, you should consult with bankruptcy attorney Donald L. Bell as soon as possible to determine your legal options.
At The Law Office of Donald L. Bell, we offer free consultations to thoroughly review your financial situation. We understand that your financial future is at stake when deciding to file for bankruptcy, and our bankruptcy attorney Donald L. Bell provides our clients with one-on-one legal assistance.
Have You Considered Filing For Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is for clients who are looking for a fresh financial start. When you are in debt and unable to pay back what you owe, Chapter 7 bankruptcy may benefit you.
Chapter 7 bankruptcy is often referred to as liquidation bankruptcy and is used to discharge (forgive) debts. A discharge relieves you of your financial obligation to pay most of your debts. Bankruptcy attorney Donald L. Bell helps everyday people navigate the complicated process of a Chapter 7 bankruptcy.
Attorney Bell is uniquely qualified by his many years of experience to give you clear advice on how to protect the assets that are most important to you while helping relieve you of debt. You can trust attorney Donald L. Bell and his staff to thoroughly investigate and advise you on how to successfully negotiate Chapter 7 bankruptcy.
How To File For Chapter 7 Bankruptcy
The first step in filing for Chapter 7 bankruptcy is to review the details of your financial situation. Please call bankruptcy attorney Donald L. Bell and make an appointment for a free consultation for his advice about filing Chapter 7 bankruptcy.
The legal process of filing for bankruptcy is complex and can be lengthy. Attorney Donald L. Bell is well-qualified to complete and file the required paperwork correctly and on time, so your bankruptcy will work as intended. To avoid the many pitfalls that could delay your discharge, you will want to discuss your case with an experienced bankruptcy lawyer.
Frequently Asked Questions About Chapter 7 Bankruptcy
Attorney Bell is here to answer your questions such as the following. Schedule a consultation to discuss your foremost concerns.
What happens when a person declares Chapter 7 bankruptcy?
Immediately upon filing for bankruptcy, a person is protected from attempts by most creditors to collect on debts. This protection is known as the automatic stay. A short time later – maybe three to seven weeks later – the bankruptcy filer will need to attend a 341 meeting of creditors (very rarely attended by creditors). At this time, the bankruptcy trustee or representative of the United States Trustee will indicate to the debtor whether the bankruptcy appears to be viable. If all goes well at this meeting, the next step is a wait of a few months for the bankruptcy court to issue a discharge of debts that are included in the bankruptcy.
How long does it take to get through Chapter 7 bankruptcy?
Many people receive their Chapter 7 debt discharge(s) within about six months of filing. The short time frame is one selling point for Chapter 7. However, the longer time period of three to five years for Chapter 13 should not be the determining factor for someone deciding which type of bankruptcy to choose. Rather, the big picture should be considered.
Does Chapter 7 wipe out all debt?
For some people, the answer is yes. A more complete answer is that it depends on what types of debt someone is struggling with, such as:
- Unsecured debt: Credit card debts, revolving loans, personal loans and medical bills fall in this category. Many Chapter 7 bankruptcy filers manage to get all such debts wiped out.
- Secured debt: Chapter 7 bankruptcy can wipe out a home mortgage or a car loan but then lenders may claim the house or car. Alternatively, the bankruptcy filer can reaffirm these debts immediately after the bankruptcy, resume payments and keep the house and/or car.
- Undischargeable debts: Unpaid child support, most taxes and student loans are examples of debts that cannot be discharged in bankruptcy at all.
Getting some or all debts wiped out requires the careful following of the rules of bankruptcy. If something is out of line, the bankruptcy trustee may declare that the bankruptcy cannot go through and will be dismissed. Skillful legal counsel can normally prevent this outcome.
Who should file for Chapter 7?
Someone whose income or assets are too high may not be allowed to file for Chapter 7 bankruptcy. And someone who has much valuable property that they want to keep may opt to file for Chapter 13, instead, so they will not risk losing things that matter a great deal to them.
Is it better to file Chapter 7 or 13?
The answer to this question will be unique to a person’s individual circumstances. There may be compelling reasons to file for one or the other type of bankruptcy. An experienced lawyer will help you determine if you qualify to get a fresh start through Chapter 7. A Chapter 13 reorganization bankruptcy can allow you to keep your assets, such as your home, by setting up a manageable repayment plan. We can help you determine which option will have the most favorable results for your circumstances and life goals.
A Free Consultation With An Experienced Attorney
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.