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Chapter 7 Bankruptcy

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Are you overwhelmed with debt?  Are your financial options running low?  Do your monthly bills sit in a pile, unpaid?  Do creditors and collection agencies call you every hour of every day asking for money you don’t have?
If the answer is yes to any of these questions, you are probably in need of a qualified  bankruptcy attorney.  A  bankruptcy attorney can tell you if Chapter 7 bankruptcy is the right way to go for your particular financial situation.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a form of liquidation which is the most common form of consumer bankruptcy.  Often times, it is the best bankruptcy option for consumers with a relatively small amount of debt, as well as those who don’t have much valuable property.   At 800 Debt Settle, our  team is prepared to answer any and all questions you may have about bankruptcy.
In the end, what a bankruptcy should be targeted towards is a fresh start for the debtor.  The focus of Chapter 7 bankruptcy is to discharge the debtor’s debt, eliminating the personal liability on as much debt as possible.  It is important to remember that while Chapter 7 liquidation usually results in a complete discharge of debts, it is not an absolute rule and some types of debts are not discharged.  To get excellent answers to your Chapter 7 bankruptcy questions, you should contact an attorney.



Chapter 7 liquidation bankruptcy usually takes about four to six months from start to finish, often taking only one trip to 341 meeting.  A 341 creditor meeting is a meeting of the debtor’s creditors and is required under section 341 of the United States Bankruptcy Code.  During the Chapter 7 liquidation procedure, this is the first meeting which involves the trustee, the creditors and the debtor.  It occurs usually 20 to 40 days after the Chapter 7 bankruptcy is filed.

At the 800 Debt Settle, our  team is dedicated to your best interests.  After sitting down with us for your initial consultation, we will assess your total situation, gather as much information as possible and help you make an educated decision on your financial future.

After filing for Chapter 7 bankruptcy, you will be put into “automatic stay,” which immediately stops your creditors from trying to collect on your debts.  This temporarily prevents creditors, to whom you owe secured debt, from going after your car, house or other property.  The automatic stay will cease most legal proceedings from happening and will end collection efforts.

In essence, once you file your bankruptcy case, most of your financial problems are over.

Choosing a qualified  bankruptcy attorney is possibly the most important part of your bankruptcy case.  Filing for Chapter 7 liquidation can be complicated, but with a  bankruptcy attorney at your side, you can successfully go through the bankruptcy process and get your debt problems under control.

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