Consult a Bankruptcy Attorney About Chapter 7

The bankruptcy lawyers at The Spitz Law Firm know that Chapter 7 bankruptcy allows a person to eliminate most debt and get a fresh start on life. Chapter 7 allows you to keep certain assets and eliminate most of your debts. The assets you get to keep are called exempt assets. Exempt assets are those items the Federal Government has decided you may keep after the Bankruptcy is over. These items include certain amounts of equity in your home and car as well as most household goods.

A consultation with an experienced bankruptcy attorney is the first step necessary to determine whether a Chapter 7 or Chapter 13 might be the best solution to your financial problems. Call today for a FREE Evaluation.

Chapter 7 may be recommended if the attorney determines that your net income is less than your allowable living expenses. The key word is “allowable.” If your expenses are excessive based upon certain guidelines, you may not qualify. Chapter 7 is also a good option for people who rent or do not have much equity in their home. Debtors with large amounts of credit card debt, personal loans or medical bills are also good candidates for Chapter 7.

In most personal bankruptcy cases, all the assets are exempt, and therefore you can keep most assets you own and get rid of what you owe. Chapter 7 is generally the simplest and quickest form of bankruptcy and is available to both individuals and married couples. A married couple may file together or only one spouse may file an individual case.

Call The Right Bankruptcy Attorney 24/7 At: 1-888-70-RIGHT or (216) 291-4744