Ch 7 Bankruptcy
How do I file a Ch 7 bankruptcy ?
Ch 7 bankruptcy laws are federal laws. If you want to file Ch7 bankrutpcy, you have to past the means test to verify your eligibilty . The means test measures the debtor income and compares it to the median income in his state. Learn more about the bankruptcy process.. If you are a disabled veteran or have business debts, the means test might not be required. Learn more about business bankruptcy. Your bankruptcy lawyer will help you to find out if you are eligible for a Ch 7 bankruptcy.
For a free 1/2 hour consultation with our expert bankruptcy lawyer Contact Christie Lee Law Office today about Ch 7 bankruptcy or give us a phone call 209-910-5291
What are the other conditions needed to file a Ch 7 bankruptcy ?
If you are eligible to file a Ch 7 bankruptcy, you have to make a full and true disclosure of your assets, current and past property, your income, your debts and creditors. Perjury will be punished. Also you have to take a credit counseling course from an approved agency where you will prepare a repayment plan. Learn more about Ch 7..
A Ch 7 bankruptcy case may be dismissed if you have had a bankruptcy within the last 6 to 8 years. It also can be dismissed if you have had a previous case dismissed within the past 180 days or you tried to intentionally cheat your creditors.
As soon as the Ch 7 bankruptcy has been filed, an automatic stay protects you from your creditors. Automatic stay stops phone calls, letters and other forms of creditor harassment. Learn more about stopping creditor harassment. Usually the automatic stay remains in effect until your bankruptcy case is finished
Call us if you want to file Ch 7 bankruptcy.
What happens after filing a Ch 7 bankruptcy?
After filing a Ch 7 bankruptcy, you have to provide a statement of intention where you specify the property you will keep and surrender. You also indicate the exemptions you claim. California state laws determine the property exemptions. Exemptions can be applied to your house, car, personal belongings, pensions, and social security benefits. Exemptions can be total or partial. A non- exempt property is an item that is subject to a lien. Your bankruptcy lawyer can help exempt some of your assets by getting rid of their liens. Learn more about Non-dischargeable debts.
You will have to go a creditors meeting and answer questions from your bankruptcy trustee about your schedules. Schedules are lists of assets and liabilities. A bankruptcy trustee is a government employee who is responsible for selling your non-exempt assets for the benefit of your debtors. A California bankruptcy lawyer can guide you through this meeting.
How to get a discharge from a Ch 7 bankruptcy?
Processing a Ch 7 bankruptcy lasts 4 to 6 months. At the discharge some of your debts are wiped out. A permanent injunction replaces the automatic stay. You are required to take a personal financial management course. For the non-exempt and non- discharged debts, you may have to negotiate with your debtors. You may want to reaffirm debts to keep asset or renegotiate loans. Learn more about loan modification.
Want to find out more about Ch 7 bankruptcy ?
We give 1/2 hour free consultations – flexible scheduling
If you would like a free 1/2 hour consultation with our expert bankruptcy lawyer Contact Christie Lee Law Office today or give us a phone call 209-910-5291. Our office is conveniently located and open, 8:00am to 6:00pm. If you would like a weekend appointment, simply call and set one up. We are flexible with our schedule and most importantly want to get your problems resolved.
We have years of experience helping people file for bankruptcy under the US Federal Bankruptcy Law.
We primarily service clients in the Northern California region with our office in Stanislaus County. Many of our happy clients include residents from