Wonderful bankruptcy attorney - David. Professional, courteous, educated, compassionate. Assisted me through my bankruptcy which I am greatly relieved to have done. Kind and professional staff. Great location and easy to find, away from heavy freeway and strip traffic.
-- Steve M.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the most common type of bankruptcy filing. These are usually done by individuals, married couples, or companies who are looking for a fresh start by liquidating, or wiping out, their unsecured debt such as credit cards, loans, etc. The law allows those filing a Chapter 7 to still retain their home, clothes and other essentials. A Trustee is appointed who has the job of selling the debtor’s assets to pay for their debts. That’s why it’s so important to have a very experienced and knowledgeable attorney who can help you through this process so you maximize as much of your assets as legally possible.
We have filed over a thousand bankruptcies and know how stressful this can be for you. Our understanding and nonjudgmental attorneys will make this process seem like a breeze for you. And when it’s over, you will have the privilege of having a clean slate on which to start over.
Why would you need to file a Chapter 7 bankruptcy?
- Stop Garnishments
- Garnishments are immediately stopped as soon as you file a Chapter 7 bankruptcy. Thus allowing you to use your hard earned money for your family’s necessities.
- Stop Creditor Harassment
- There is nothing worse than be harassed by annoying and rude creditors. This stops immediately as soon as you file. If they still happen to call, you just need to give them our number and you will never hear from them again.
- Eliminate Credit Card Debt
- Bankruptcy will eliminate all of your credit card debt. It will give you the added bonus of starting over without your debts weighing you down.
- End Law Suits
- Law suits to collect a debt are immediately stopped and your creditors have to abide by the law and no longer bother or sue you.
- Cosigner Stops Paying
- If you are a cosigner for a friend or relative who fails to pay their debt, you are then responsible. By filing bankruptcy you eliminate your liability for the cosigned debt.
- Eliminate Repossession Debt
- Once your vehicle gets repossessed you can file Chapter 7 bankruptcy to stop the auction of it. You are still responsible for the deficiency balance but you can maintain your vehicle.
- Rebuild your credit
- It’s amazing how quickly your debt-to-income ratio score improves by filing bankruptcy. Many clients are able to finance cars after discharge and most even receive solicitation within a short time for unsecured credit.
- Eliminate Medical Bills
- Most people are a car crash or serious medical setback away from filing bankruptcy. Unfortunately, when those things happen it’s almost impossible to pay for them as they can be in the thousands and millions of dollars. Bankruptcy eliminates these debts so you can go on with your life without the lifelong debt associated with them.
- Eliminate Foreclosure Debt
- If a bank or credit union is pursuing you for a collection on a deficiency on a foreclosure, a Chapter 7 bankruptcy will wipe this debt away without any further tax consequences.
- Eliminate Tax Debt
- In certain circumstances, you can even eliminate your old IRS tax debt. Most law firms do not have this experience, but we have helped numerous individuals successfully eliminate their tax debt.