Chapter 7 Bankruptcy Information

Whenever an individual is faced with crushing debt that they absolutely cannot pay, their final option can be filing for a Chapter 7 bankruptcy. Also known as a "straight bankruptcy," a Chapter 7 bankruptcy liquidates properties and assets in order to repay as much debt to creditors as possible before declaring that the debtor is free of all their debts and may no longer be contacted or pursued for repayment of debts declared eliminated under bankruptcy statutes. Filing for bankruptcy can offer a fresh start at a debt-free life in which a person can breathe easy and start over. With the help of a Los Angeles bankruptcy lawyer, the process can be made easier and your case can be made more efficiently including protecting exempt properties.

There are many types of debts that can be eliminated through a Chapter 7 bankruptcy including personal loans, credit card bills, medical bills and even utility bills. Certain types of debt however, cannot be eliminated through this type of bankruptcy including child support, alimony payments, most student loans, income tax debt, court-ordered fines or penalties and property taxes. The process for a Chapter 7 bankruptcy takes several months during which no creditors or collection agencies may contact you in attempts to collect their debt. Once the bankruptcy is completed the debt is discharged and no further attempts for debt collection can be made.

Chapter 7 Bankruptcy Lawyer in Los Angeles

Sometimes financial troubles can prove to be overwhelming for a person and so their only option is to file for a Chapter 7 bankruptcy in order to eliminate their debt and start over. If you are considering filing for bankruptcy it is important that you acquire legal guidance from an experienced bankruptcy attorney who can guide you through the process of bankruptcy and protect your rights and exempt properties. At Pacific Attorney Group we can offer you the expertise you will need to efficiently and quickly file for your bankruptcy and escape your debt for good.

Contact a Los Angeles Chapter 7 Bankruptcy Attorney today for a consultation regarding your case.