Divorce Law and You

Getting calls from debt collectors is no fun. If you have been receiving phone calls and letters from credit agencies, you may have started to consider bankruptcy. Could filing Chapter 7 be the right choice for you? Eliminating your debt is a great way to get a fresh start. These are just a few of the perks associated with filing for bankruptcy under the Chapter 7 umbrella.

Chapter 7 Bankruptcy Is Fast

Are you looking for a quick but effective way to eliminate debt from your life? The process of filing is relatively simple compared to other practices, but the good news is that you can also complete the process with the help of an attorney who specializes in bankruptcy. The entire process may take about six months.

Chapter 7 Bankruptcy Is Effective

The process of filing for Chapter 7 is effective. At the end of all that time, you will see your unsecured debt be discharged. Unlike with Chapter 13 bankruptcy, you will not have to make payments on your debt. This can give you some of the security you need to establish financial freedom and a future for yourself because you will not have to worry about a payment plan.

Chapter 7 Eliminates Unsecured Debt

Unsecured debt is often linked to medical debt, payday loans, credit cards, personal loans, and taxes. Even utility payments and court judgments may be included. These are the types of debts you can say goodbye to when you file for Chapter 7 bankruptcy. On the other hand, you cannot say goodbye to alimony, child support, or student loans. Additionally, it is notable that there are no limits to the amount of debt that you can have discharged with this method of filing.

Chapter 7 Eliminates Wage Garnishment

Are you afraid that you will not be able to make rent and utility payments because you fear wage garnishment? Chapter 7 bankruptcy prevents the wages from being taken out of your paycheck. Your paycheck is yours again, so you can take care of yourself and your family each month rather than paying for mistakes you made in the past.

Filing for Chapter 7 is a great way to move forward with your life. You can eliminate many types of debts that will help you find success with your finances and personal life in the future. Get in touch with a bankruptcy attorney service today to learn more about your options.