Qualifying For Chapter 7 Bankruptcy
Gumm & Green, LLP, in Westlake Village, California, works closely with clients to help resolve financial distress through Chapter 7 bankruptcy filing. People file for bankruptcy come from different backgrounds and all economic levels. But they all have one thing in common: the need to address significant debt.
Wondering if you are eligible for immediate debt discharge through a chapter 7 filing? Contact our office and speak with a bankruptcy attorney about your situation. We offer a free, no obligation consultation.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy filing often is called debt liquidation because it results in the discharge of your unsecured debt. Things like surrendered car loans, medical bills and credit card payments virtually can all be erased, giving you a fresh start.
However, you cannot discharge all debts, including:
- Alimony and child support
- Student loans except in rare circumstances
- Personal injury judgments
- Criminal restitution
The best way to determine what debt can and cannot be discharged in your case is to discuss your financial situation with one of our bankruptcy lawyers. We will explain the process and thoroughly answer any questions you may have.
Do You Qualify For Chapter 7 Bankruptcy Filing?
Back in 2005 the U.S. Bankruptcy Code changed, making it more difficult for people to qualify for Chapter 7 filing. Utilizing the means test, we can quickly help you determine whether you are eligible for Chapter 7 or whether Chapter 13 bankruptcy is the better option for you.
The Automatic Stay – Temporary Protection
When you do file for bankruptcy, an automatic stay is set in motion. This puts a stop to foreclosure, car repossession and wage garnishment. The automatic stay also prevents creditors from harassing you with phone calls and e-mails. While these measures are temporary and you are still responsible for addressing house and car payments, it does give you breathing room – a chance to take the steps necessary to obtain a fresh start.
Get Your Debt Discharged
Our aggressive, dynamic approach to bankruptcy law and our 45 years of combined experience can benefit you. Contact Gumm & Green, LLP, today and schedule a free consultation to discuss filing for Chapter 7 bankruptcy. Call 818-707-4233 OR 855-707-4233.