As the economy continues in its slowdown, the number of people filing for Chapter 7 bankruptcy is increasing. People who never envisioned being in difficult financial trouble are now choosing bankruptcy as a path out of debt.
Debt Relief Through Chapter 7 Bankruptcy
At the Law Office of Jacqueline Y. Blade, our experienced Chapter 7 can help people get the fresh financial start they need by filing for bankruptcy. A Chapter 7 bankruptcy will give you the opportunity to discharge unsecured debt, which includes credit card debt, medical bills, loans, judgments and old taxes.
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Exempt Property (Keep your personal belongings, home & car):
Many people avoid bankruptcy because they fear their house or their car will be taken away and sold. In order to get a "fresh start" the bankruptcy code allows a debtor to exempt basic assets. When initiating the case the debtor claims property as exempt in the schedules that are filed with the court. In most cases, no objections are filed to the exemptions and they become final 30 days after the Meeting of Creditors.
Giving You the Information You Need
Many people have been told by others that they will not qualify for a Chapter 7 bankruptcy because they have too many assets or too high of an income. Our lawyer will assess your financial situation to determine whether you pass the "means test" and help you decide which chapter is the best course for your situation. There are at least five different types of bankruptcy chapters, including Chapter 7 and Chapter 13. The majority of our clients do qualify. In any case, we give you the information you need to make an informed decision about which type is best in your situation.
Bankruptcy Stops All Actions to Collect Debt
Chapter 7 can also stop creditor harassment. As soon as you file for bankruptcy, all actions to collect debt from you must immediately cease. Creditors are no longer permitted to call you, write to you, asses interest, or report on your credit. They cannot take any legal action against you. This allows you the breathing space to chart a course of action to get out of debt and back to financial stability.
Divorce and Bankruptcy
If you are considering a divorce and are in debt, it is critical for you to speak to an attorney about the timing of your divorce filing and if/when to file for a Chapter 7 bankruptcy.
Contact Us for Answers and Guidance: Debt Relief Lawyer Ventura, California
To learn more about how our Chapter 7 bankruptcy lawyer in Westlake Village can assist you in resolving your specific legal concern, please call our law office at 805-409-3790 or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
