Bankruptcy Chapter 7
Chapter 7 Bankruptcy lawyer
Lehn Law is a bankruptcy law firm serving Port Charlotte, Sarasota, Englewood and surrounding communities
- Bankruptcy is often the most viable solution for families and individuals who are burdened with debt and struggling with payments. If you are overwhelmed by phone calls from creditors or are unable to make payments on your debt, you may be eligible to file a Chapter 7 bankruptcy.
What Is Chapter 7 Bankruptcy?
Unlike Chapter 13 bankruptcy, where you are still required to pay all or a portion of your debts, Chapter 7 bankruptcy discharges your debts entirely.
- When you successfully file a Chapter 7 bankruptcy, creditors can no longer contact you, your wages cannot be garnished and you will have a clean financial slate.
Many people assume that bankruptcy means that they have to give up all property, including your home and your vehicles. In most cases, a qualified bankruptcy attorney can help you list your assets in such a way that they are protected from liquidation.
If you still owe on your property, you must sign a “Reaffirmation Agreement,”which states that you reaffirm the debt and you will not bankrupt against that debt for at least 8 years.
Lehn Law, P.A. can guide you through the process of filing Chapter 7 bankruptcy, and can help you get a new financial start.
Whether you are buried under credit card debt, medical bills, or other debts, bankruptcy can help you to get on better financial footing.