Chapter 7 Bankruptcy Lawyer in Jacksonville
Filing for bankruptcy can provide the relief for which you’ve been searching. Filing can stop creditors from harassing you, stop a foreclosure in its tracks, even prevent repossession. If you’ve fallen on some hard times, or have ended up underneath more debt than you can manage, filing for chapter 7 bankruptcy could save you from losing everything.
ARE YOU READY FOR A CLEAN SLATE?
Chapter 7 is what most people imagine when they think of bankruptcy, and this may be the quickest way for a debtor to regain control over their financial situation. Filing for chapter 7 bankruptcy is a fairly quick and efficient process to eliminate your debt. This is considered a liquidation bankruptcy where the eligible debtor is discharged from all of their debt. A typical chapter 7 lasts about five months before the debtor receives a discharge.
This will be the most helpful solution for those who have collected a substantial amount of unsecured debt, meaning: money you owe on things you can’t touch; debt such as: credit cards, medical bills, past due accounts, etc.
MISCONCEPTIONS of Chapter 7 Bankruptcy
Many people think that they will lose all that they own if they file a chapter 7 bankruptcy, however often those fears are greatly exaggerated. Depending upon which exemptions the debtor is entitled to, many assets will most likely be protected. Another common myth is that you won’t be able to keep your home or car once you file. That is not always the case. This is why it’s so important to speak with an experienced bankruptcy attorney who can understand your situation and explain all of your options. LET THE LAW WORK FOR YOU!
The best thing about having an attorney file chapter 7 bankruptcy on your behalf is that the minute your case is filed an automatic stay is imposed – meaning creditors can no longer contact or harass you. Once you are discharged, you are released of all personal liability. It will then be against the law for ALL former creditors or bill collectors to try to collect again. In fact, now YOU can sue after bankruptcy, if any of your discharged creditors come after or report negatively on your credit report.
If you are on the verge of bankruptcy, upside down in debt, being hounded by creditors, or facing foreclosure, call Eileen Dolaghan to set up a free consultation so she can help you find the best solution to your financial problems at 904-354-4935.