Is Chapter 7 Bankruptcy the Right Debt Relief Choice for You?
If you are struggling to climb out of debt, you face many obstacles and challenges everyday. As if it isn't difficult enough, you have the added insult of dealing with harassing creditors and the garnishment of your wages. As you consider your options for improving your life, it could be worth your time to discuss your situation with a bankruptcy attorney.
At the Law Offices of Dwight Burton PLLC in Bowling Green, we are here to help you get your life back on track as quickly as possible. For a free initial consultation to discuss your bankruptcy options, call 270-282-4216.
What You Can Expect During Chapter 7 Bankruptcy
There are a number of steps in the Chapter 7 bankruptcy process, and you can rely on us to be at your side from beginning to end. The steps include:
- The bankruptcy questionnaire
- Your initial consultation
- Chapter 7 means test
- Credit counseling
- Trustee hearing
The average length of time between the initial filing and the discharge of debt is 90 days. However, the automatic stay will take effect immediately the day you file, protecting you from creditor harassment and wage garnishments.
Will You Lose Your Home? What About Your Credit?
While every situation is different, most likely, you will be able to keep your home and a vehicle depending on the specifics of your case. Also, while bankruptcy will be on your credit history, it could be beneficial to your overall credit. If you are considering bankruptcy, chances are your credit has already been severely damaged. Filing for bankruptcy will provide you with a chance to rebuild it.
Does Your Debt Qualify?
Chapter 7 bankruptcy is a great way to rid yourself of unsecured debt such as credit card and medical bills. However, it is important to note that some debt is not dischargeable through chapter 7, including:
- Student loans
- Taxes
- Child support
- Alimony
Does Chapter 7 Sound Like a Good Choice?
To learn more about your bankruptcy options, we encourage you to contact us today for a free initial consultation with a lawyer. Evening and weekend appointments are available upon request.
