Filing For Chapter 7 Bankruptcy in Livingston County
Monroe County Bankruptcy Guidance
Without proper guidance, your New York bankruptcy filing can be dismissed by the court. If that happens, you must wait a lengthy period of time before attempting to file again. Don’t take chances with your future or make decisions based solely on an attorney’s fees. Hire a Livonia and Rochester Chapter 7 bankruptcy attorney who will do things correctly from the start. I serve clients in Livingston, Monroe, Ontario, Steuben, Wyoming, Genesee, and Orleans counties, so contact me, Susan K. Duke, at Duke Law Firm, P.C., for all of your bankruptcy needs, including Tax Workouts.
What is Chapter 7 Bankruptcy?
Imagine credit card debt relief while still being able to keep your car and most of your personal property. Chapter 7 is a form of bankruptcy for clients who want to eliminate debts while keeping their basic assets. It is the most common type of bankruptcy proceeding, and is available to individuals, married couples, corporations and partnerships. For clients who do not exceed the income requirements, Chapter 7 is the best option for a fresh start. Under a Chapter 7 filing, you will not be required to repay your unsecured debts. Unless there are unexpected complications, individual debtors are usually able to get a discharge within four to six months of filing their case.
The Benefits of Filing for Chapter 7
When you file for chapter 7 bankruptcy, there're a few aspects that bring relief:
- Creditors - the second that your case is filed with the court you're immediately protected from creditors. What this essentially means is that you will not be receiving calls, garnishments, or letters to collect. It can even prevent issues such as evictions and foreclosures, but only temporary.
- Discharge - as long as you can meet all the requirements for filing your bankruptcy case, you can have your bankruptcy discharge in a little as three months.
- Property - if you are to file, most states within the US allow you to keep your belongings, which is called exempt property.
Unsecured debt is credit that was extended to you without the need for any collateral. Most unsecured debt can be discharged through Chapter 7, including:
- Credit cards
- Medical bills
- Utility bills
- Personal loans
- Department store cards
Save Your Sanity
Nowadays, filing for bankruptcy is commonplace. Why spend your life playing catch-up when the law provides you with a speedier solution? A Chapter 7 bankruptcy filing triggers a liquidation of your assets. For most people contemplating bankruptcy, however, their assets are exempt. If there are assets that are not exempt, you can still file Chapter 13 bankruptcy.
Eliminate Debt with a Lawyer You Can Count On
I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.