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Chapter 7 Bankruptcy Law

Chapter 7: Often called “straight bankruptcy”, Chapter 7 completely releases you from most of your debts. Certain debts such as income tax debt less than 3 years old and domestic support obligations are not discharged and generally student loan debt is non dischargeable. Also if you are making payments on a car or home, and you want to keep these assets, you’ll make arrangements with your creditors to keep paying for them.

To qualify the debtor must pass an income means test. Generally if your monthly net income, after all necessary living expenses are paid, is less than $150 a debtor should qualify for a Chapter 7 bankruptcy however every case is different and applicable bankruptcy exemptions must be correctly applied. To determine eligibility, allow Stephen G. Court to evaluate your situation.

No matter your financial circumstances, we are committed to helping you achieve the best possible outcome.

We can help you:

  • Eliminate credit card and other unsecured debts
  • Protect your assets, including your home
  • Put an end to harassing phone calls and other collection activities, including      foreclosure, eviction, wage garnishment and lawsuits
  • Stop collection actions and judgments
Call Stephen G. Court for a free consultation to see if Chapter 7 is the right option for you.