Understanding Chapter 7 Bankruptcy
Attorney Serving Clients Throughout Arizona
YES YOU CAN
Due to the current economic crisis, many individuals and families have fallen behind on their financial obligations. Many people think they cannot file for bankruptcy because of their particular situation or because of the new bankruptcy laws passed in 2005. This is simply not true. The recent laws have had little effect on people's ability to file for bankruptcy.
If you are struggling with debt and need help, Chapter 7 bankruptcy can help. Our staff takes care to help you understand your eligibility and how you would benefit from bankruptcy by providing answers to your questions, including:
- What is Chapter 7 bankruptcy? Chapter 7 is a legal process that allows you a discharge of certain debts. During the process you are allowed to keep exempt assets while turning over nonexempt assets to the trustee to sell and pay your creditors.
- What kind of debt can I get rid of? Chapter 7 allows you to get rid of credit card bills, medical bills, personal loans and any other unsecured debt you have incurred.
- Will I lose my property? Some people think they will lose their property if they file. Bankruptcy can protect your car, house or property, allowing you to renew your financial future while maintaining your most important assets.
- Do I need a lawyer to file bankruptcy? Getting a lawyer to help you is vital to finding the most efficient and effective results and in helping you protect your property and your money.
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What if I have no assets to sell? Your case will be deemed a "no asset" case. You will still be able to discharge your debts under Chapter 7.
Our Approach
At Johnson Law Offices, located in Tucson, Arizona, we understand that even the best of intentions can go awry. We know how easy it can be to run into financial hardship. We work to help you recover and get relief from those sleepless nights. Through a Chapter 7 bankruptcy filing, our firm can help you eliminate your debt, stop foreclosure proceedings and garnishments and end harassment from creditors.
Contact us to find out more about how Chapter 7 Bankruptcy can help you. We offer free consultations. Call 520-777-1217 (toll free: 888-674-8421) or contact our office online today.
