People who cannot pay existing dues. If you’re wondering if you’ll require a Chapter 7 lawyer, then read further.
Personal bankruptcy can be a means of receiving protection from your creditors. The protection of bankruptcy in the United States has been available from the time of the adoption by the U.S. Constitution and has been utilized as a method to help people get relief from their burdensome debts. You do not need to be able to show a certain amount of assets in order to have the ability to file for bankruptcy. Chapter 7 bankruptcy can affect the credit report for about 10 years. If you file for Chapter 7 bankruptcy, the judge will eliminate the majority of your debts that are not secured – this includes debts like credit card debt and personal loans, that don’t have a lien on an asset such as a home or car. This will make it easier for you to pay your mortgage charges once the credit card debt has been eliminated. There is a need for an expert chapter 7 bankruptcy lawyer that will advocate for you in court proceedings. These lawyers can give you the best options for keeping those assets that you are not willing to be able to lose.