Thursday, December 14, 2023

Can Chapter 7 Bankruptcy Work For You?

Chapter 7 bankruptcy allows you to have most if not all of your debts discharged. Bankruptcy laws can be complicated, you can schedule a free consult with King & King where we can help determine whether Chapter 7 is right in your situation, and help navigate the bankruptcy process for you. If not Chapter 13 bankruptcy may be an option.

 

 


 

 

How Can Chapter 7 Bankruptcy Help?

As soon as you file your bankruptcy, an automatic stay goes into effect that stops all collection efforts of your creditors, including lawsuits, wage garnishments, foreclosure, or eviction proceedings, and more.  At the end of your Chapter 7 case, the bankruptcy court will discharge your debts, including:

 

Credit cards

Medical bills

Overdue rent and utilities

Personal loans

Some tax debts

Certain legal judgments

After a discharge, you will have no further legal obligation to make any payments on those debts again, you will have a fresh start.

 

Find Out How Our Chapter 7 Bankruptcy Lawyers Can Help

King & King understands how difficult and stressful life can be when you feel as if you are drowning in debt. If you don´t think you can bring your debts under control, and need the help of a team of caring professionals, please call us at 404-524-6400 for your free consultation.