Understanding CHAPTER 7
Counsel from a Knowledgeable Garden Grove Bankruptcy Attorney
If you are facing financial straights and are struggling to pay even the
minimal payments on your debts, filing for Chapter 7 bankruptcy may be
the best option towards financial relief. At
Atlantis Law, we have helped countless individuals struggling with debt reorganize
their finances and pay back unsecured debts like mortgages, credit card
debts, and medical bills. Our compassionate team understands that the
proposition of bankruptcy can be intimidating, but with one our dedicated
Garden Grove lawyers guiding the process, you may find yourself accessing
legal options you were unaware you even had.
The advocacy and guidance you need is just a phone call away.
Contact us at Atlantis Law to start exploring your options.
What is Chapter 7 bankruptcy?
Chapter 7 bankruptcy, or liquidation bankruptcy, is intended for individuals
struggling to make payments on unsecured loans. To satisfy these debts,
all non-exempt assets may be sold to make payment to your creditors. With
the help of proper counsel, you can even find a middle ground of what
property and assets you want to sell and what debts you feel comfortable
Filing for Chapter 7 can provide:
- Flexibility in property and asset sales
- Protection from creditor calls and harassment
- Protection from foreclosure actions
- A fresh start towards rebuilding your credit
Qualifying for Chapter 7
To qualify for Chapter 7, an applicant must take the means test. The means
test will determine your monthly income and, if that income falls below
the median for your household size in the state in which you reside, you
may qualify for Chapter 7. If you do not qualify, you may be eligible
for Chapter 13, as well. An attorney at Atlantis Law can help you gather
the necessary information for the means test and assist you in determining
what kind of filing is right for you.
Our legal team has consistently provided thorough and supportive legal
counsel for our Chapter 7 clients. From the initial means test to meeting
with your creditors with you, we are prepared to stand by your side, ensure
your rights are protected, and, most importantly, ensure that you benefit
from every possible advantage your filing affords you.
Start the process today. Contact us for a free Chapter 7