How To Eliminate Consumer Debt
Are you struggling financially and facing bankruptcy? Do you have questions about whether or not bankruptcy is the best option?
Our lawyers can address your financial concerns and help you eliminate consumer debt. Contact us for a free, no obligation consultation.
Which Debts Can Be Eliminated?
Chapter 7 bankruptcy results in a complete discharge of unsecured debts, giving you a fresh start. Some of the debts that can be eliminated include:
- Credit card debt
- Legal debt in most circumstances
- Medical bills
- Franchise tax
- IRS debt in some circumstances
- Student loan debt in some circumstances
Each situation is different so it is important to discuss your bankruptcy case with an experienced attorney. We will review your situation and explain what debts can be eliminated in your situation.
You Will Not Lose Everything
If you are considering filing bankruptcy, you may be concerned about losing property in order to pay off creditors to eliminate consumer debt. However, most people do not lose the property and assets most valuable to them. Federal bankruptcy exemptions specify assets that are exempt from liquidation during a filing. These include furniture, collections, jewelry up to a certain value, and even a house and car in some circumstances. Eliminating consumer debt does not mean you will lose everything. In fact, you will gain what you need — a fresh start.
Contact Our Bankruptcy Professionals
To reap the benefits of our over 45 years of combined experience, contact a bankruptcy lawyer at Gumm & Green, LLP, today. Schedule a free consultation to discuss how you can eliminate consumer debt. Call 818-707-4233 OR 855-707-4233.