LIVING PAYCHECK TO PAYCHECK?
NO PAYMENTS ARE MADE
Chapter 7 is a quick and easy to way to eliminate most types of debts. While student loans, recent tax debt and fraudulently incurred debts are not included, Chapter 7 can give you the fresh start you need.
PROCEED WITH CAUTION
Have you filed a Chapter 7 in the last 8 years? Have you transferred property to a friend or relative in the last 5 years? Are you entitled to an inheritance? Do you have the ability or reason to sue anyone for damages? If so, maybe Chapter 13 would be the better option. Contact our office for more information!
Discharge takes place within about 4 months of filing, and there is typically only one court date, called a 341 Meeting of Creditors, where you will be called to testify as to your identity, and the nature/type of assets.
COULD BE BAD IF...
If you're behind on your mortgage payment or vehicle payment, you may lose your house or your car if you file Chapter 7, so it's a smart idea to talk to us first before you take that step. Chapter 7 is also worse for your credit and is on your record for 10 years. A better option may be Chapter 13 , which is on your credit for 7 years, with or without a loan modification.