Archive for the ‘Chapter 7 Bankruptcy: Common Questions’ Category

What types of questions about chapter 7 bankruptcy should I go over with an attorney?

Saturday, January 30th, 2010

Your income, debts, monthly expenses and assets should be reviewed to help determine whether you qualify for a chapter 7 bankruptcy.  You may also discuss the financial and related concerns that are making you interested in seeking Chapter 7 relief.  The bankruptcy attorney can go over your factual circumstances and related documents to help you evaluate your potential for debt relief under chapter 7 law.  At that time you may discuss with the bankruptcy lawyer your specific financial difficulties, such as those caused by bad investments, over-extended credit, an adjustable-rate mortgage that has become difficult or impossible to pay, past due mortgageor other past due secured debt obligations, unpaid car loans, creditor harassment, foreclosure, loss of income, medical bills, divorce or other related concerns.  

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.

Posted by Attorney Fred Neff

What is a chapter 7 bankruptcy?

Saturday, January 30th, 2010

A chapter 7 bankruptcy allows an eligible debtor to discharge those debts and financial obligations that are dischargeable.  Some types of debt that are not dischargeable are domestic support obligations, most taxes, student loans except in cases where hardship can be established, debt that was obtained through fraud, and damages from personal injuries resulting from the use of alcohol or drugs.  Under chapter 7, it may be possible to retain your home, an automobile and other personal property.

We are a debt relief agency.  We help people file for relief under the Bankruptcy Code.

Posted by Attorney Fred Neff