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chapter 7 bankruptcy

Chapter 7 Bankruptcy

St. Louis Missouri Bankruptcy Lawyer

Chapter 7 Bankruptcy Overview

imagesChapter 7 bankruptcy has often been called the “fresh start” bankruptcy in that after successfully filing a Chapter 7 Bankruptcy, most of your debt can be eliminated. Additionally, this bankruptcy form allows for you to keep your income/earnings after filings, in most cases.

However, some people have been given bad information regarding a Chapter 7 Bankruptcy. Many people do not realize:

  • Chapter 7 Bankruptcy is not available to everyone
  • The bankruptcy court may sell some of your property for the benefit of your creditors and an experienced attorney can assist you in protecting your assets from being sold
  • Chapter 7 bankruptcy will stop the harassing phone calls and garnishments immediately but it is not an effective tool for stopping foreclosures or repossessions

It is important that you work with an experienced bankruptcy attorney as laws regarding bankruptcy filings were changed in 2005. An attorney will help you understand how the laws apply to your specific situation and can ease the stress and complicated nature of a bankruptcy filing.

St. Louis bankruptcy attorney Marie Allen has focused her law firm on helping the needs of individuals considering bankruptcy. Her experience and personal attention will ensure your matters are well represented so you can make informed decisions.

Contact Marie Allen online or call 314-872-1900 to schedule a FREE Consulation and learn more about the options available to you.