Chapter 7 Bankruptcy
What is Chapter 7 bankruptcy?
Chapter 7 Bankruptcy is one of the six types of bankruptcy listed in U.S. bankruptcy laws. Chapter 7 bankruptcy laws allow a debtor to be discharged from financial obligations under certain conditions. Chapter 7 bankruptcy laws are complex. Learn more about Chapter 7. Filing Chapter 7 bankruptcy must be handled carefully. You need the assistance of specialized bankruptcy lawyers to file a Chapter 7 bankruptcy.
For a free 1/2 hour consultation with our expert bankruptcy lawyer Contact Christie Lee Law Office today about Chapter 7 bankruptcy or give us a phone call 209-910-5291
What debts are dischargeable in Chapter 7 bankruptcy?
Chapter 7 bankruptcy is often called a fresh start bankruptcy because it allows some debts to be wiped out. These debts are dischargeable debts such as medical bills, credit card debts, contract debts, or loan debts. Under certain conditions student loans and income taxes might be dischargeable debts. Debts such as fraud debts and willful conduct debts could be also dischargeable unless the creditors object.
Call us if you want to know more about Chapter 7 bankruptcy.
What debts are not dischargeable in Chapter 7 bankruptcy?
Under Chapter 7 bankruptcy some debts are not dischargeable. For example fines, penalties, restitution, and domestic support obligations are never dischargeable. 401(k) loan debts, debts from previous bankruptcies also are not dischargeable. In addition, student loans from for-profit and non-governmental agencies or homeowner associations cannot be discharged. For a complete list please consult an attorney specialized in bankruptcy debt relief.
Can I keep my property and home under Chapter 7 bankruptcy?
It is possible to keep your properly and home under Chapter 7 bankruptcy. Most people do. Your property under Chapter 7 bankrutpcy becomes the property of the bankruptcy estate. However certain property is exempt or excluded. Property exemptions are fixed by state laws. You need assistance from a bankruptcy lawyer. He will make an analysis of your situation.
Want to find out more about Chapter 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