Chapter 7 Bankruptcy - "Fresh Start"


Is Chapter 7 Bankruptcy Right for You?

Do you find yourself:

Unable to pay more than the minimum on Credit Card Bills?
Without a job to pay your bills?
Taking money from one credit card to pay another?
Facing huge medical bills, taxes or child support payments?
Late on your house or car and risking loss of the property?
In a divorce where you must pay part or all of the debts?
Paying on your credit cards but never getting ahead?
Unable to help your family because of your debts?
Feeling like you work for Visa or Mastercard?

If you're like most of the people who've seriously consider filing for bankruptcy — it has probably been a long time since you've experienced the feeling of being in control of your finances.

Chapter 7 bankruptcy can give you a meaningful fresh start .

At the Law Office of Robert Lee Hamilton, we can help you get there. We are a people-centered practice and here to help. We never lose sight of the fact that filing for bankruptcy is a difficult and emotional choice. We help people through this process and provide customized solutions that account for each individual's needs and goals.

Call or contact us for a free initial consultation.

Chapter 7 Bankruptcy Facts

Also known as debt liquidation, "Fresh Start", or simply a "straight" bankruptcy - Chapter 7 is the most common type of bankruptcy filing for individuals and small businesses. In San Diego, about 85% of non-business bankruptcy filings are under Chapter 7. In this type of consumer bankruptcy, it may be possible to discharge all of your unsecured debt while keeping most, if not all of your personal property.

Other facts you might want to be aware of include:

* The new bankruptcy laws you've probably heard of and the Chapter 7 "means test" really haven't changed the bankruptcy picture much.  In fact, most people who would have qualified for Chapter 7 debt relief under the old laws still qualify under the new laws.  The main change is that the new laws have made it much more complicated to correctly file a Chapter 7 petition.

* If you have significant non-exempt property that you do not want to lose, a Chapter 13 bankruptcy might be a better option. In our experience, however, most people do not have the kinds of personal possessions that a bankruptcy trustee would be interested in selling off to pay creditors. In other words, most people who file under Chapter 7 get to keep their personal possessions.

* You can file a Chapter 7 case jointly, with your spouse, or as an individual (even if you are married).

* Not all kinds of unsecured debt (debts that are not secured by property such as a house or a car) can be discharged in a Chapter 7 bankruptcy. The best example are student loans but there are others as well.

* The Chapter 7 process is fairly straightforward and may take as little as four months to complete.

Local: (530) 945-2540

Talk about your debt relief options with a qualified lawyer. Call the Law Office of Robert Lee Hamilton in Redding, California, at the phone number listed above. When you contact us by e-mail, someone from our office will get in touch with you shortly.

Serving Redding, Chico, Red Bluff and other northern California communities like Shasta and surrounding counties.