Are you feeling despondent, cannot sleep, being harassed with constant calls from creditors, know that you will never be able to pay off these bills? Feel like you are drowning in the middle of a lake and there is no help in sight? This is not a good mental condition, and is not good for your overall health!
You deserve a second chance. Filing bankruptcy will give you the ability to start over and begin fresh! Filing chapter 7 bankruptcy will help you to do the following:
1. Eliminate your unsecured credit card and personal loan debts.
2. Stop creditor calls and letters threatening to sue you.
3. Prevent foreclosure of your home if you are behind on your payments.
4. Stop repossession of your car if you are behind on your payments.
5. Stop garnishment of your wages - This can be up to 25% of your pay!
Sacramento Bankruptcy Attorney, Selecting Bankruptcy Lawyer, Las Vegas Bankruptcy Attorney,
Yes, you can get a fresh start and be wiser with consumer credit than before! You are probably thinking, what will I do if I go bankrupt? How will I survive?
Exemptions are Double For Married Couple
1 You can keep your car (s), if paid for, for no more than $5000.00 each in value.
2. You can keep your furniture that is paid for up to $4,000.00 in value.
3. There are other exemptions for retirement, clothing, guns, jewelry, etc.
The average chapter 7 bankruptcy can be done by the individuals without an attorney in most general cases.
It may be that you are in financial trouble because of a sickness, lay-off in this bad
economy, a business failure, a broken marriage, or some other problem that you could not control. This is why Bankruptcy is available through courts for each
American. Almost every American corporation that gets into trouble immediately files bankruptcy and eliminates debt and restructures their debt load to their income. It is no different for those who personally need to restructure their debts to the income they are now earning!
Further Information
A Chapter 7 bankruptcy is filed for the purpose of liquidating debts. This type of bankruptcy will immediately eliminate personal debt. This bankruptcy will also stop creditors from suing and collecting any of your debts. Once the Federal Bankruptcy Court has approved the Chapter 7 bankruptcy, the Petitioner who has filed for debtor relief will receive a discharge of debts without paying them. Under normal circumstances, the Petitioner may keep their home, car, furniture and some personal possessions, as long as these assets meet the exemptions allowed under the Chapter 7 guidelines. The Petitioner must get a Pre-Counseling Certificate before filing the bankruptcy petition, and obtain a personal financial management class before receiving a discharge from the bankruptcy Court. The ability to file a bankruptcy under Chapter 7 is based upon income, debts and living expenses. If a prior Chapter 7 bankruptcy was filed within 8 years, a new Chapter 7 bankruptcy cannot be filed.
Chapter 13: Bankruptcy:
A Chapter 13 bankruptcy is a different type of bankruptcy. It does not eliminate your debts completely, but provides a way these debts may be paid over a certain of time period approved by the Federal Bankruptcy Court. A court approved plan is normally approved from three (3) to (5) years to pay off the personal debts of the petitioner. Not all creditors in this type of bankruptcy get paid in full. The debts that are left unpaid will be discharged at the end of the payment plan. The staff of LegalezeUSA does not do this type of bankruptcy. If you do not qualify for a Chapter 7 bankruptcy, you must seek the help of an Attorney.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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