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What is a Chapter 7 Bankruptcy Lawyer?

Chapter 7 may be precisely the relief you need if you have dischargeable debt and relatively few assets. This chapter of the bankruptcy code offers people the opportunity to make a fresh financial start by eliminating a substantial portion of their debt.

A Chapter 7 bankruptcy lawyer Las Vegas, NV can review your debts, assets, and personal finances before recommending you file for bankruptcy. If you and your bankruptcy attorney decide that Chapter 7 seems like the right solution for you, the filing process will soon be underway. For the most part, Chapter 7 filings are straightforward. They typically are resolved quickly, allowing people to move on and be free from their burden of debt in just a few months.

About Chapter 7 Bankruptcy

People typically use Chapter 7 bankruptcy to discharge specific types of debt. These may include:

  • Credit cards
  • Department store cards
  • Personal or signature loans
  • Gas cards
  • Medical bills
  • Payday loans
  • Old income tax debt
  • Delinquent utility bills
  • Association dues
  • Deficiencies after foreclosure or repossession

These debts, and similar ones, are considered unsecured because there is no tangible collateral.

To discharge secured debts, such as car loans and home loans, in Chapter 7, you must return them to the creditor or continue to pay the debt. If you cannot continue to make those loan payments, the creditor takes them back. There are exemptions, though. These exemptions allow individuals to keep some assets. Every case is unique, so it’s best to speak with a bankruptcy attorney to learn how the laws apply to your situation.

When you file bankruptcy, you will receive the benefits immediately via an “automatic stay.” The automatic stay stops creditors from harassing you. Your wages can no longer be garnished, and liens cannot be filed against you. The automatic stay goes into effect once the bankruptcy is registered with the court.

There is an income limitation for Chapter 7 bankruptcy filers. If you exceed the income limit or have more assets you want to keep, a Chapter 13 bankruptcy filing might be a more appropriate option. Your lawyer can explain the differences to you and help you determine how to proceed.

Don’t Worry and Wait — You Can Get Experienced Help Today

When you come to a Chapter 7 bankruptcy lawyer Las Vegas, NV, you can expect to receive knowledgeable advice from a highly capable and experienced lawyer who understands your concerns. These lawyers help people work through difficult legal situations such as bankruptcy every day, and they know the ins, outs, and loopholes they can use to resolve your case in the most favorable manner.

Bankruptcy law firms offer a relaxed atmosphere and friendly staff, giving you comfort and confidence when discussing sensitive and confidential legal matters. When you want high-quality legal services, a seasoned bankruptcy lawyer may provide straightforward insight and an efficient resolution to your financial predicaments. Your Chapter 7 bankruptcy attorney is committed to helping you find cost-effective solutions so you can move forward with your life. 

To find out more about how a bankruptcy lawyer can help your unique situation, schedule a consultation with an attorney in your local area today.

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From our first meeting and throughout, Ballstaedt Law Firm has been extremely helpful, knowledgeable and prompt. The prices are very reasonable, and the locations are easily accessible. We would recommend Ballstaedt every time!

Kat E. Actual Client

The professionalism and competence displayed by Lori Draper in dealing with me and my wife is rare in this day and time, where businesses treat clients as commodities rather than people. Lori has exceptional people skills and works diligently to make clients fell that they are the most important thing her agenda. Lori is prompt, timely and professional, which creates an atmosphere of trust and makes clients want to recommend the Ballstaedt Law firm to others. Employees like Lori Draper is an asset a company should be proud of representing them

Lawrence B. Actual Client

Harlene July 2010 – I had put off filling for a while. I was kind of afraid of the unfamilar. The staff was amazing, and made me feel good about what I needed to do. Seth, was right to the point and got things handled. I am very pleased.

Harlene H. Actual Client