Debt Relief with a Chapter 7 Bankruptcy

A California bankruptcy attorney can help you break free from the burden of overwhelming debt by simply filing Chapter 7 Bankruptcy. With an experienced California bankruptcy attorney by your side, a Chapter 7 Bankruptcy filing can eliminate 100% of unsecured debts including balances owed on credit cards, medical bills, and a variety of other unsecured loan amounts which may have built up over the years. The end result of the discharge of these debts means that, at the completion of the Chapter 7 Bankruptcy process, you are no longer obligated to repay them, ever. Granted a fresh financial start, you’ll be able to live your life again free of crushing monthly payments, collector’s calls, and the stress of being behind in payments due.

In addition to wiping out the balances due on all unsecured debt, a Chapter 7 Bankruptcy also provides the following benefits:

A Chapter 7 bankruptcy, in most cases, allows you to keep all of your property – If your home and vehicle payments are current and your equity levels are below mandated benchmarks, an experienced California bankruptcy attorney can ensure that you can keep all of your property.

Stop wage garnishments – Filing a Chapter 7 bankruptcy is one of the most effective methods available to immediately stop wage garnishments. By freeing wages which were being lost to garnishments, your “take-home” pay can return to its previous level.

A Chapter 7 filing stops the pursuit of judgments against you through lawsuits.

Stop a foreclosure process – Filing Chapter 7 with the help of a California bankruptcy attorney will stop a foreclosure proceeding immediately. The stoppage can allow for the bankruptcy process to discharge garnishments, liens, and debt payments, freeing cash to catch up on your mortgage payments.

Stop repossession – The stoppage of repossession can work much in the same way as a Chapter 7 filing which stops a foreclosure. By increasing available income and/or eliminating debt obligations, the process can enable you to catch up on auto payments.

A more cost-effective solution – Chapter 7 bankruptcies are typically less expensive, quicker, and less invasive than Chapter 13 Bankruptcies.

The difference between filing for a Chapter 7 bankruptcy versus other forms of debt relief options can make a huge difference in your future financial life. Be sure to consult an experienced California bankruptcy attorney to help determine your best path toward debt relief. Qualifying for a Chapter 7 bankruptcy with a complete discharge of debt, as opposed to being put on a payment plan in a Chapter 13 or debt settlement, can get you back on your feet and debt-free much faster.