What is a CHAPTER 7 Bankruptcy?

Chapter 7 is the legal way to declare yourself unable to pay your debts. To file a Chapter 7, under the new law, your income and expenses must meet certain guidelines, demonstrating that you unable to pay your debts. When the Chapter 7 is completed, you will receive a Court Order discharging your legal obligation to pay your creditors.

They will NEVER be able to collect the money that you owe them!

 

What are the benefits of CHAPTER 7?
Debt relief and the elimination of bill problems are the obvious benefits provided by Chapter 7. Another very important benefit is the protection against creditor harassment provided to you by the "Automatic Stay".

After you sign the Chapter 7 Petition that our office prepares for you, we will file the Petition with the Clerk of the United States Bankruptcy Court. Immediately upon filing, a protection Order is entered by the Court. This protection Order is known as the "Automatic Stay".