If you are considering filing for Chapter 7 bankruptcy, it’s important to understand both what theprocess can do for you and what it cannot. With the help of an experienced attorney, Chapter 7 can help you to eliminate certain debts and start on a new path to financial freedom.In Chapter 7 bankruptcy, you have the opportunities to:- Discharge most or all of your debts, which eliminates your legal obligation to pay them.- Stop a foreclosure on your home and catch up on payments. However, mortgages and other pro perty liens will not be automatically eliminated without payment.- Stop creditors’ efforts to collect debt, as well as wage garnishment and debt harassment.- Prevent repossession of your vehicle or have it returned after it was repossessed.- Restore, or prevent the termination of, utility services.- Challenge the claims of creditors who are attempting to collect more than you owe or engaging in other fraudulent behavior.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.
How Chapter 7 can Help You
Written and Reviewed by Michael Agruss
- Managing Partner and Personal Injury Lawyer at Mike Agruss Law.
- Over 20 years of experience in Personal Injury.
- Over 8000+ consumer rights cases settled.
- Graduated from the University of Illinois Chicago School of Law: Juris Doctor, 2004.
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