South Side Chapter 7 Bankruptcy Attorney
What is Chapter 7 Bankruptcy?
Bankruptcy laws were developed to help people who find themselves in a difficult situation due to overwhelming debt they cannot pay. A Chapter 7 bankruptcy allows you to have your debts discharged and begin to rebuild your financial health. However, you must qualify for this type of a bankruptcy by passing a “means test”. This basically means that you must meet certain criteria to be able to file this type of bankruptcy. Since 2005, the requirements to qualify for this type of bankruptcy have become more stringent, requiring that you show whether you have the means to repay your debt or not.
One advantage of filing for bankruptcy is that all creditor calls and collection action will cease. Even though your bankruptcy may take several months to be finalized, the harassing calls and other collection activity will stop once your bankruptcy is filed. When your Chapter 7 bankrputcy is finished, you will receive a Discharge from the bankruptcy court. Once you receive your Discharge, you will no longer owe the discharged debt. For a free consultation and to find out if you are eligible to file, call the bankruptcy attorneys at Glanzer & Associates, P.C. today.
In most cases, people are able to keep their house, cars and other assets in a Chapter 7 Bankruptcy. This largely depends on the amount of equity you have in the asset and whether you are current on your payments. There are also a few other factors to consider. The attorneys at Glanzer & Associates, P.C. are committed to providing our clients with the facts they need on all asset protection matters.
Once your Chapter 7 Bankruptcy is filed, all creditor collection actions, including telephone calls, must stop immediately. In bankruptcy terms, this is called “The Automatic Stay”. This is a provision in the Bankruptcy Code that provides you with powerful protection. As soon as your bankruptcy is filed, your creditors can only talk with the Bankruptcy Court, not you! You will be free to concentrate on rebuilding your finances and not worrying every time the phone rings or there’s a knock on the door. Get peace of mind now! Call Glanzer & Associates, P.C. and speak to an attorney today.
Chapter 7 Bankruptcy Lawyer on the South Side
There is help and workable solutions to your financial problems. Finding yourself in crushing financial trouble may seem like a hopeless situation; however there is hope! Bankruptcy laws were created to assist someone in just your position. Eliminate the unwanted and annoying telephone calls or other collection actions which interrupt your day. With the help of a highly skilled lawyer, you have the opportunity to file for bankruptcy and make a new financial start. Glanzer & Associates, P.C. experienced lawyers will take you through every step of the procedure and give you the confidence you need to get through these trying times.
Chapter 7 also requires that you receive pre-bankruptcy financial counseling within the 6 months prior to the bankruptcy filing. Since there a several steps that must be taken and “means test” will determine whether you qualify for this type of bankruptcy, it is vital you meet with a bankruptcy attorney from Glanzer & Associates, P.C. to discuss your options. We encourage you to contact our office today to start on the road to financial freedom.
Contact a South Side Bankruptcy Attorney from Glanzer & Associates, P.C. if you need help with filing Chapter 7 Bankruptcy.