Chapter 7 Bankruptcy Lawyer
Clear Relief From Overwhelming Debt
Chapter 7 bankruptcy is designed to help individuals and families eliminate unsecured debt and regain financial stability. For those who qualify, it can provide a faster path to relief by stopping creditor actions and discharging eligible debts through a structured legal process.
Chapter 7 Bankruptcy
Clear Relief From Overwhelming Debt
Chapter 7 bankruptcy is designed to help individuals and families eliminate unsecured debt and regain financial stability. For those who qualify, it can provide a faster path to relief by stopping creditor actions and discharging eligible debts through a structured legal process.
What Chapter 7 Bankruptcy Does
Chapter 7 bankruptcy allows qualifying individuals to eliminate many forms of unsecured debt, including credit cards, medical bills, personal loans, and certain judgments. Once a case is filed, the automatic stay goes into effect, which immediately stops most collection activity, lawsuits, wage garnishments, and creditor calls.
Unlike repayment plans, Chapter 7 does not require ongoing monthly payments to creditors. Most cases are completed within a few months, allowing clients to move forward without the burden of unmanageable debt.
Who May Qualify for Chapter 7
Eligibility for Chapter 7 depends on several factors, including income, household size, and overall financial circumstances. The bankruptcy court uses a means test to determine whether a filer qualifies based on income relative to allowable expenses.
You may be a good candidate for Chapter 7 if:
- You have significant unsecured debt
- Your income is limited or inconsistent
- You are unable to repay debts through a repayment plan
- You are facing collection actions or lawsuits
- You need immediate financial relief
Determine Your Eligibility
A consultation is the best way to determine eligibility and avoid costly mistakes.
Free ConsultationBenefits of Chapter 7 Bankruptcy
For qualified individuals, Chapter 7 can provide meaningful financial relief by stopping most collection actions and allowing eligible unsecured debts to be discharged through a defined legal process.
Immediate Protection
Filing triggers the automatic stay, which stops most creditor calls, lawsuits, wage garnishments, and collection activity.
Eliminate Eligible Unsecured Debt
Many unsecured debts, including credit cards, medical bills, and personal loans, may be discharged for qualified filers.
A Defined End Point
Most Chapter 7 cases move efficiently, allowing you to resolve eligible debts without a long-term repayment plan.
Not sure if Chapter 7 is right for you?
Schedule Your Free ConsultationThe Chapter 7 Process
While every case is different, the Chapter 7 process generally includes the steps below.
Confidential Consultation and Case Evaluation
We review your financial situation, explain options, and determine whether Chapter 7 may be appropriate.
Preparation and Filing of Bankruptcy Documents
Your petition and required disclosures are prepared carefully and filed with the bankruptcy court.
Immediate Protection Under the Automatic Stay
Filing triggers the automatic stay, which stops most collection actions, lawsuits, and wage garnishments.
A Brief Meeting of Creditors
You attend a short meeting where the trustee may ask basic questions about your documents and finances.
Discharge of Eligible Debts
When the case is completed, eligible debts are discharged, allowing you to move forward with relief.
Throughout the process, our firm provides guidance, prepares required filings, and represents you before the court so your case stays organized and on track.
FAQs
What debts can be discharged in Chapter 7 Bankruptcy?
Most unsecured debts, like credit card debt, medical bills, and personal loans, can be discharged. Although, certain debts like student loans, child support, and tax debts are typically not dischargeable. However, there are many exceptions to these general rules.
As a practicing attorney for more than two decades in multiple states, I have encountered almost every situation and can advise you of how your debts would be treated in bankruptcy.
How long does Chapter 7 take?
From filing to discharge, the process usually takes 3-4 months. As soon as the case is filed, however, collection efforts stop as a result of the “”Automatic Stay”, and payments to dischargeable debts typically are suspended as the case moves through the process.
Can I keep my property?
Yes! Nevada law provides generous exemptions for debtor’s property, including real estate (usually a homestead), automobiles, retirement savings, home furnishings, clothes, jewelry, and financial assets.
Debtors filing Chapter 7 seldom possess property that can be liquidated in bankruptcy. This is often due to comprehensive consultations with knowledgeable attorneys, who can provide valuable advice about what to anticipate before your case is officially filed.
How often can I file for Chapter 7?
You can file for Chapter 7 Bankruptcy once every eight years.
Ready To Begin Your Debt Relief Journey?
We understand how stressful filing for bankruptcy can be. We strive to make the process as easy as possible. Contact us today to discuss your options and see what the best path forward is for you.