Chapter 7

Chapter 7 Bankruptcy

Most people file Chapter 7 bankruptcy to protect assets and income from the reach of creditors. The most common reasons people file Chapter 7 are as follows:

To eliminate delinquent mortgage payments or real estate taxes.

To restructure automobile loans with high payments, high interest rates, or payoff balances that exceed the value of the vehicle.

To protect their income from the reach of creditor wage garnishment, to keep bank accounts from being frozen, to protect other assets that might be subject to auction or sale by creditors.

To obtain a discharge of 100% of their debts for good

Unlike Chapter 13 bankruptcy cases which are generally concluded in 36-60 months, Chapter 7 cases are generally open for about 90 days.

Query: Why are Bankruptcy Laws so Powerful?

That answer is...long ago....Congress decided that it was important to give good, honest, hard-working people a way...if need be... to get free from the burden of debt. Why? Because saving good people....like you and me....from getting discouraged and losing hope and from becoming unproductive members of society....all because of crippling amounts of debt....is good for society. But....to achieve this goal ...to make it really work....Congress had to give the bankruptcy laws some real teeth....to make the Bankruptcy laws powerful enough to really make a difference.

And that is exactly what Congress did...and that is why bankruptcy....and Chapter 7.... is the real deal.
We work with you to help you keep as much of your property as possible while putting an immediate stop to:

San Diego Bankruptcy Lawyers: Home foreclosures

San Diego Bankruptcy Attorney: Car repossessions

San Diego Bankruptcy Lawyer: Garnishments

San Diego Bankruptcy Lawyer: Credit card debt

San Diego Bankruptcy Attorneys: Creditor harassment

San Diego Bankruptcy Lawyers: Lawsuits

For us, filing bankruptcy is about solving your problems and helping you move on.

 

 

 

 

  National Association of Consumer Bankruptcy Attorneys

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