Chapter 7 Bankruptcy Attorney
Could filing for Chapter 7 bankruptcy help you dig out from under your unsecured debt—credit cards, medical bills, and personal loans? Quite possibly, yes. If you have questions about filing for Chapter 7 bankruptcy, we should talk. I’m one of California’s most experienced Chapter 7 bankruptcy attorneys and I’ve helped thousands of clients just like you.
When you call my office to talk with me about Chapter 7 bankruptcy, rest assured you’ll get straight answers and sound advice. You’ll speak directly to me and have the chance to ask all your questions—and that translates to peace of mind. In the meantime, you can learn more about Chapter 7 bankruptcy and see if it might be right for you.
How Chapter 7 Bankruptcy Works
In more than 99% of Chapter 7 bankruptcy cases, excluding cases that are dismissed or converted, individual debtors can walk away from most, if not all, of their debts.
Once I’ve filed your Chapter 7 bankruptcy petition, you’ll get immediate relief from creditor harassment. Creditors will no longer be allowed to initiate or continue lawsuits, wage garnishments, or call you and hassle you about your debts. That’s good news!
Within 40 days of filing your petition, your case trustee (a person appointed by the court) will hold a meeting of creditors. Within the following 20 days, you—and your spouse, if you’re filing a joint petition—will attend a creditors’ meeting to answer questions. Ten days after that meeting, your case trustee will file a final report to the court on your behalf. Throughout this process, I’ll keep you informed about where your case stands. You won’t ever be alone; I’m here for you every step of the way.
Do I qualify for Chapter 7 bankruptcy?
If you want to hit the “reset button” on your debts, I can help—if you qualify. Chapter 7 bankruptcy can be the most cost-effective way to put your financial life back on track. You could qualify for Chapter 7 bankruptcy if you are:
- An individual—that meets the California income level requirements, also referred to the means test. Call me for your income means test evaluation in order to see if you qualify.
- A partnership, a corporation, or other type of business entity.
Debt relief via Chapter 7 bankruptcy is an option for you no matter how much debt you have and whether you are solvent or insolvent (don’t worry if you don’t know what that means; we’ll talk it through when you call me). As an experienced bankruptcy lawyer, I can help you get the fresh start that Chapter 7 offers, leaving you free from liability for your discharged debts.
Note: When I work with you on your Chapter 7 bankruptcy case, I’ll explain why a discharge is only available to individuals, not to partnerships or corporations. Also, some types of debts are not able to be discharged, including liens on property. Again, we’ll go through the details at our first appointment. My goal is to educate you first and then see if I can help.
How long does it take?
In most cases, the bankruptcy court issues a discharge order fairly quickly. Typically, you’ll know within 60 to 90 days from the date of the meeting of creditors (which is held less than 40 days from when we file your petition). In all, you can expect to be out from under the stress and financial burden of your debts within 100 to 130 days.
How does Chapter 7 bankruptcy affect my credit?
When you file for Chapter 7 bankruptcy, the bankruptcy can show up on your credit report for 10 years from the date of filing. This doesn’t mean that you won’t be able to apply for and receive credit—just that you may not be given the most favorable interest rates at first. However, within just a few years, your credit score can be respectable. When you set up your free consultation with me, we can talk through the ins and outs of how bankruptcy affects your credit and how to repair your credit after bankruptcy.
Who is the Chapter 7 trustee and what does he/she do?
If you and I decide together that filing a Chapter 7 bankruptcy petition is the right move for you, you will be assigned a trustee by the court. The trustee will organize your assets into exempt and non-exempt assets. You should know that the trustee is allowed to gather and sell any non-exempt assets you have in an effort to pay your creditors. I know this can sound scary, but remember that I’ll be here to protect you, your family, and your assets as much as possible. I’ve represented more than 5,000 clients going through bankruptcy and I have a great track record of keeping homes, cars, and other assets from being sold off by trustees.
If I think I want to file for Chapter 7 bankruptcy, where do I start?
I’ve helped thousands of other individuals, families, and businesses start over by filing for bankruptcy. If you are considering Chapter 7 bankruptcy, the first thing you should do is contact me so we can go over your financial situation, determine your needs, and decide the best bankruptcy chapter for you. At your free consultation, I’ll explain how to keep your house, car, and personal belongings, how to stop creditor harassment, and how to start rebuilding your credit. Call today.