Has debt taken over your life? Chapter 7 bankruptcy usually allows you to keep your property and discharge your debts. It's a straightforward way to resolve your debt if your household is below or near the medium income level.
An experienced attorney from The Law Office of Jason Cline can help you figure out whether you qualify for this type of bankruptcy. Reach us today through our contact page.
Your bankruptcy attorney will ask you a range of questions to figure out whether Chapter 7 bankruptcy is the best option for you. You may have some questions for us, too, such as...
What kind of debts will Chapter 7 bankruptcy discharge? You may be able to discharge many unsecured debts, such as credit card bills, medical bills, and personal loans.
Will it help with my mortgage and car loan? Chapter 7 bankruptcy doesn't discharge these and other secured debts, but it can offer valuable solutions and in most cases, you will keep your house and car.
How long does Chapter 7 bankruptcy take? You can complete the entire process in just three to four months.
Are you a business owner? Corporations can also file under Chapter 7 as a way to liquidate business assets.