Chapter 7 Bankruptcy Protection
Chapter 7 is the most common type of bankruptcy. It offers protection to individuals and businesses that have become inundated with debt and are unable to pay their bills. Chapter 7 bankruptcy, also referred to as “liquidation” or “straight bankruptcy,” allows debtors to discharge most of their debts and reset their financial future.
In a Chapter 7 bankruptcy, some of your assets may be liquidated to repay creditors and relieve you of your debts. Eligibility requirements for Chapter 7 have grown increasingly strict over the past several years. To find out if you qualify for Chapter 7 bankruptcy protection, seek the guidance of an experienced bankruptcy lawyer today.
Absolve Your Debt Through Chapter 7 Bankruptcy
For over 30 years, individuals and entities in Fort Wayne and throughout Indiana have turned to the attorneys of Adelsperger & Kleven, LLP, for assistance with bankruptcy-related matters. As dedicated bankruptcy attorneys, we are committed to helping our clients escape overwhelming debt and achieve a fresh financial start through Chapter 7 bankruptcy.
Chapter 7 is typically one of the quicker, more efficient ways to eliminate debt. When you file for Chapter 7 bankruptcy, an automatic stay goes into effect. The automatic stay immediately stops creditors from harassing you and prevents them from garnishing your wages, repossessing your property or foreclosing on your home.
Learn More About Chapter 7 Bankruptcy
There are many benefits to Chapter 7 bankruptcy. To learn more about your options for finding debt relief, schedule a free consultation with a compassionate, experienced bankruptcy attorney today.