Here’s How Chapter 7 Works
Chapter 7 bankruptcy is a liquidation of assets. This aspect of Chapter 7 scares many people, but it should not. Many people believe that they will have to give up everything they own. In reality, this rarely happens. You will be able to keep the majority of your property, including your car and your home in some circumstances.
At Rothschild & Ausbrooks, PLLC, our lawyers take pride in getting to know the people we represent. We will learn about your situation and provide you with information on exactly how Chapter 7 bankruptcy will affect your life. In most cases, the biggest impact is just what you would expect it to be: the elimination of debt.
The Immediate Impact of Chapter 7 Bankruptcy
Are you sick of creditor harassment? Are you fed up with threats of foreclosure and repossession? All of this will stop immediately when you file Chapter 7 bankruptcy, thanks to the automatic stay. You will start to feel relief right away.
Chapter 7 Bankruptcy Eliminates Debt
What type of debt do you have? The Chapter 7 discharge attacks the vast majority of unsecured debt, including credit card debt and medical debt. No matter what type of debt is keeping you from sleeping at night, you will find that Chapter 7 can help. The automatic stay provides immediate relief, and it will be only a matter of months until your debt is eliminated.
Our attorneys have more than three decades of experience. We help people in Nashville and throughout Tennessee determine if they can benefit from Chapter 7 bankruptcy.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to get an answer to the question, “How does Chapter 7 bankruptcy work?”