Chapter 7 Consumer Bankruptcy
It's challenging to deal with debt issues that won't disappear, even after you've worked hard to get current with payments. If you have considered the option of bankruptcy, you should talk to a lawyer to find out whether or not bankruptcy works for your situation.
At Neff & Boyer, P.C., we have significant experience representing consumers in both Chapter 7 and Chapter 13 bankruptcy cases. Our team is here to help you get the fresh start you need to overcome tough economic times.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a liquidation process. This means your assets are liquidated to pay creditors who have filed claims against you. There are conditions, however, when it comes to assets. Our bankruptcy attorneys can help explain the conditions for purchasing seized assets and answer questions you may have.
Discharging Debts In Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, you can discharge most (if not all) unsecured debts. This includes:
- Medical debt
- Credit card debt
- Personal loans
There are certain debts that cannot be discharged in a Chapter 7 bankruptcy (unless there are very unique circumstances), which include student loan debt, child support and spousal support back pay, taxes over the past three years and more.
Once you file for bankruptcy, you should continue to make your real estate and vehicle payments (if you are able to). This is especially important if you want to keep those assets after the bankruptcy petition is filed. Please visit our FAQ page on bankruptcy issues for more information.
Contact Neff & Boyer, P.C., To Schedule A Meeting To Discuss Bankruptcy
To schedule a meeting at our Tucson office, please call 520-722-8030 or complete an online form. Our Chapter 7 bankruptcy attorneys are committed to serving families across southern Arizona. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.