About 70 percent of all people who file bankruptcy in the US choose Chapter 7 due to its many benefits. It is a popular legal process that is used to clear debt; however, it may not be right for everyone.
Also known as the 'liquidation bankruptcy', Chapter 7 differs from other types as it offers more security and is said to be slightly easier to file.
Here are a few things to know about Chapter 7:
Headed by Robert Stiberman, we’re a licensed legal firm offering a variety of bankruptcy-related services to both businesses and individuals.
We have been in the business for more than two decades and work with clients from different areas.
Our aim is to take the burden off your shoulders and make filing easier. We offer several packages including a $0 down option that makes it possible to start the process without worrying about making advance payments.
For us, customer security and satisfaction are very important and we go the extra mile to ensure our clients are happy.
Call (954) 922-2283 today to talk to us.
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Schedule a free consultation by filling out the form below or Call us (954) 922-2283
Business Hours
Mon-Fri 8:00 am to 8:00 pm
Saturday 9:00 am to 6:00 pm
Speaking to our law firm is always 100% confidential.
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Who Should File Chapter 7 Bankruptcy?
A lot of people who come to us are not sure if Chapter 7 is the right option for them. Consider bankruptcy if you are facing one or more of these situations:
✓ Afraid of losing your property.
✓ Receiving harassing calls from creditors.
✓ Financial difficulty due to wage garnishment.
✓ Poor mental health due to debt.
✓ Debts totaling over 50 percent of your annual income.
Talk to us to know more about bankruptcy and what problems it can solve.
Chapter 7 Bankruptcy Process
The process can be daunting, especially if it’s your first time. This is why most experts suggest working with a professional legal firm.
Even if you don’t hire an attorney, a consultation is mandatory in most cases to know whether you qualify or not. Also, only an experienced bankruptcy attorney can tell if you have other options available such as debt management and debt consolidation.
Once you are sure of eligibility, the next step is to gather and submit the required documents and pay the fee. After this, you will have to meet your assigned trustee and inform your creditors.
The applicant may have to visit the court several times. Stiberman Law can help you save time and trouble by being your representative and taking care of the entire process.
With us as your partner, you will not have to worry about anything.
Frequently Asked Questions
The cost depends on several factors including your state and attorney. Talk to us to get a quote. Those who earn below 150 percent of the Federal Poverty Line may even qualify for a fee waiver.
Yes, Chapter 7 can remove credit card debt.
While unsecured debts are not usually covered, you might be able to get some discharged. Consult a specialist to discuss.
No, Chapter 7 is so popular because it provides exceptions and covers. Talk to us to know more.
Get Immediate Legal Help
Schedule a free consultation by filling out the form below or Call us (954) 922-2283
Business Hours
Mon-Fri 8:00 am to 8:00 pm
Saturday 9:00 am to 6:00 pm
Speaking to our law firm is always 100% confidential.
Choose Stiberman Law
Ready to file? We’re here to help. Call (954) 922-2283 to talk to us.
Speaking to our law firm is always 100% confidential. We do our best to respond to inquiries in under 24 hours.
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