Get a Fresh Start With Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy protection can put an immediate stop to creditor harassment and wage garnishments. It can also put a temporary stop to home foreclosure proceedings and car repossession in some cases. You may also be able to discharge most of your unsecured debt, including hospital bills, credit card bills and even older tax debts.
You can be eligible for Chapter 7 bankruptcy if you haven’t filed Chapter 7 within the last eight years, your budget only allows for you to pay your monthly living expenses and you can pass the Chapter 7 “means test”.
At Roberts Stoffel Family Law Group, our attorneys have focused solely on working with Las Vegas families to help get a fresh start through the bankruptcy process. We are confident that we can help you too — even if it turns out that bankruptcy isn’t the right solution for your needs. Call or contact us today for a free consultation and see what we can do to help you.
What Won’t Chapter 7 Do For You?
Chapter 7 does not allow you to discharge some types of debt. Specifically, debts that cannot be erased include student loan debts, child support obligations, past-due mortgage payments, recent state and/or federal taxes and car payments.
Another important fact to be aware of is that Chapter 7 does not protect co-debtors / co-signers on loans. If you had someone co-sign any loan you – they will be on the hook for the full amount.
A very important fact commonly overlooked is that Chapter 7 bankruptcy may not protect all of your assets. For example, if you own a second home and have a substantial amount of equity in it, chances are the trustee will have it sold in order to pay your creditors. In some cases, a Chapter 13 payment plan might be a better option for you to consider, particularly if you have assets you want to keep.
Chapter 7 Fees Include:
- Initial meeting (Discuss Options)
- Second meeting (Paperwork)
- Representation at 341 meeting
- Representation through bankruptcy
- Post discharge follow up meeting