Chapter 7 Bankruptcy Attorneys

Chapter 7 bankruptcy allows you to eliminate your unsecured debt without having an obligation to repay it. Medical bills, credit card debt, payday loans and signature loans where there is no collateral used are all considered unsecured debt. Unsecured debt also includes repossession deficiencies and judgments.

Chapter 7 bankruptcy allows you to continue making payments on your secured debt like your mortgage and vehicle. Generally, your personally belongings are protected under state exemptions. Chapter 7 bankruptcy will stop lawsuits, garnishments, foreclosures and repossessions, even if these processes have already begun. If your debt exceeds more than you could ever repay, you may qualify for Chapter 7 bankruptcy.

Chapter 7 bankruptcy is typically a four month process from the time your petition is filed until a discharge is granted. The process of filing a Chapter 7 bankruptcy includes many important steps. The skilled bankruptcy attorneys at Brock & Stout will guide you through the entire process starting with filing a Chapter 7 Bankruptcy Petition with your jurisdiction’s Bankruptcy Court. Once your case is filed with the Bankruptcy Court, it will then be assigned to a Bankruptcy Trustee for administration. Approximately 30 days after your case is filed, you will be required to attend what is called a “341 Meeting of the Creditors”. Before the meeting, your bankruptcy attorney will help you prepare for the questions the Trustee may ask. The “341 Meeting of the Creditors” generally only takes five to fifteen minutes.

Your Chapter 7 bankruptcy case will end with a discharge of all debts that you are entitled to discharge. Once the debt is discharged, creditors are forever banned from any collection actions against you for that debt.. Let the bankruptcy attorneys at Brock & Stout help you regain your financial freedom.