Chapter 7 Bankruptcy Laws
What are Chapter 7 bankruptcy laws?
In 2005 Chapter 7 bankruptcy laws were changed to make it harder for some debtors to file bankruptcy. Some people with higher income are no longer allowed to file Chapter 7 bankruptcy. 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 will 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 laws or give us a phone call 209-910-5291
Are Chapter 7 bankruptcy laws for business?
Chapter 7 bankruptcy laws apply to individuals and businesses. Learn more about business bankruptcy. Chapter 7 bankruptcy is the most common form of bankruptcy. Chapter 7 bankruptcy debt relief is the fastest to way to get out of unsecured debts. Unsecured debts can be debts that have been paid with credit cards. Debts can be discharged in a few months and give you a new financial start. Your bankruptcy attorney will help you figure out which debts can be relieved under Chapter 7 bankruptcy laws.
Call us if you want to know more about Chapter 7 bankruptcy laws.
What is the means test fixed by the Chapter 7 bankruptcy laws?
Chapter 7 bankruptcy laws require that you pass the means test. The means test is to find out if you can file for Chapter 7 bankruptcy. Your bankruptcy lawyer need to know your current monthly income and your allowed expenses and debt payments. If the remaining income after deduction of expenses is below a certain amount, you can file for Chapter 7. Your bankruptcy lawyer will find out if your are qualified for Chapter 7.
What is the pre filling counseling required by the Chapter 7 bankruptcy laws?
Chapter 7 bankruptcy laws require that you get credit counseling. Credit counseling is a mandatory requirement before you can file a bankruptcy. It is required by law. After completion of bankruptcy credit counseling, the debtor obtains a certificate of credit counseling completion. This certificate is mandatory when filing a bankruptcy petition. A petition without this certificate is not considered to be a valid petition by the court. Completion certificates of bankruptcy credit counseling must be issued by credit counseling agencies that have been approved by the U.S Trustee program. This pre-filling counseling requires a fee.
Want to find out more about Chapter 7 bankruptcy laws?
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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