Discover the benefits of filing for Chapter 7 bankruptcy with OBryan Law Offices streamlining the process. If you’re seeking complete relief of debt, Chapter 7 might be the best option you could find. Experienced attorneys from OBryan Law can help you determine whether you qualify, and whether Chapter 7 will provide successful results.
It can be difficult to make sense out of the different types of bankruptcy and how each can affect your finances. OBryan Law recommends walking through the process with an experienced lawyer at your side. If you wish to protect your home or other assets, it’s imperative that you file the proper exemptions to protect them. Learn more about Chapter 7 exemptions by visiting the ‘Considering Bankruptcy’ link on the OBryan Law home page, then select Types of Bankruptcy: Chapter 7 to get started. You’ll find the website to be a tremendous resource on your journey to becoming debt free.
Schedule your free consultation with OBryan Law to take advantage of their expert advice and knowledge. If their attorneys find that you qualify to file for Chapter 7 bankruptcy in Frankfurt, they’ll help you get set up with pre-filing credit counseling that can provide valuable insight into how your finances ended up where they are. Many clients find counseling to be a powerful tool in staying out of debt in the future once their debts have been discharged.
Most of your current unsecured debts are eligible for discharge under Chapter 7 bankruptcy law. While there are a few obligations that are not dischargeable in bankruptcy, you could end up walking away from all or most of your current debt, including your high interest credit card debt, seemingly impossible to pay off medical bills, revolving loan accounts and other debt that is not covered by collateral. In order to qualify, your income must be less than your state’s median income. This is where the bankruptcy means test comes in.
After taking the means test and determining that you do, in fact, qualify for filing Chapter 7 bankruptcy in Frankfurt and you’ve completed your credit counseling, OBryan Law can help you file your petition and get the process under way. You may have heard that under Chapter 7 bankruptcy your possessions would be sold and the proceeds divided to pay off creditors- but it doesn’t always happen that way. Exemptions in place allow many debtors to keep their home, vehicle and other assets if they prove to be fundamental assets and not luxuries. OBryan Law Offices’ attorneys will file exemptions with the aim or retaining your assets.
You’ll need to make a full and accurate disclosure of your debts and assets so that OBryan Law can work closely with you to help you gain the maximum benefit under the code. Meeting your responsibilities is one step in ensuring that your debts will be discharged. Find out more about Chapter 7 bankruptcy law in Frankfort by calling OBryan Law Offices at 502-400-4020. Knowledgeable agents are ready to answer your questions.Chapter 7 Bankruptcy Frankfort
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