Finding Relief Through Chapter 7

If you are faced with overwhelming debt and feel as if there is no way out, Chapter 7 bankruptcy can be a viable option to find financial relief and eliminate some portions of your debt. It’s also important to remember that you’re not alone: millions of Americans are struggling with debt, underemployment, unemployment, and a depressed real estate market, but many are able to find relief through bankruptcy with the help of an experienced attorney.Chapter 7 bankruptcy is also known as “debt-liquidation bankruptcy” and most successful cases last four to five months from filing to discharge. After filing, you will receive immediate relief from the “automatic stay,” which will temporarily prohibit all debt-collection efforts by collectors.You may be able to eliminate a variety of unsecured debts, such as credit card debt, medical bills, unpaid utility bills, and personal loans, and the automatic stay can also temporarily halt wage garnishment. With a fresh financial start just a few months later, you can focus on setting a new budget, rebuilding your credit, and hopefully becoming 100% free of debt.If you are struggling financially and considering filing for Chapter 7 bankruptcy, you’re not alone. Contact an experienced bankruptcy attorney today for a free consultation.