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Why Choose Chapter 7?

Why Choose Chapter 7?

Chapter 7 is fast, easy and cheap. It takes about three to six months from start to finish. Chapter 7 discharges debts in exchange for you giving up non-exempt assets in liquidation or pay the trustee their value. Most Chapter 7 filings are what is called a no-asset Chapter 7, which means there were no non-exempt assets for the Trustee to liquidate. Chapter 7 bankruptcy also applies to many types of debt, including credit card bills and medical bills. It will discharge some taxes.

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761

Phone: (727) 330-1627 email: carollawsonesq@gmail.com

 

 

Chapter 7 Bankruptcy Overview

Chapter 7 Bankruptcy Overview

A Chapter 7 Bankruptcy Will:

  • Provide Automatic Court Protection From Creditors
  • Stop Harassing Calls and Letters
  • Stop Lawsuits and Garnishments
  • Give You a Permanent Discharge of Most Debts in a Few Months
  • Let You Keep Your Car and House as long as you continue to pay

Who Should Consider Chapter 7 Bankruptcy:

  • You qualify under the Means Test
  • You Have minimal assets or equity in assets- If you own your home you get $1,000.00 of personal property if you are a renter you get $4,000 worth of personal property- Either way your get $1,000 worth of equity in a motor vehicle
  • You Have Trouble Making Monthly Payments on Necessities and Basic Expenses
  • You are Current on House and Car Payments (If Applicable)

Clearwater Bankruptcy,  28870 U.S. Hwy 19 #361, Hodusa Towers, Clearwater, FL 33761,

Phone: (727) 330-1627 email: carollawsonesq@gmail.com