What is Chapter 7 Bankruptcy?

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If you are considering filing for bankruptcy, continue reading to learn the details of the Chapter 7 bankruptcy process. To learn if Chapter 7 bankruptcy is best for you, reach out to our experienced bankruptcy attorney who will guide you through the legal process ahead with your best interests in mind.

What is Chapter 7 bankruptcy?

When someone files Chapter 7 bankruptcy, in many cases, they will still be able to keep their home and motor vehicle, along with other possessions. It is recommended that you file for Chapter 7 bankruptcy with the assistance of a knowledgeable attorney who has experience handling Chapter 7 bankruptcy specifically.

Individuals filing for Chapter 7 bankruptcy will typically need to take a bankruptcy means test which will determine their eligibility to file. If the individual is determined eligible, all of their debts will be listed and the schedules will be signed. Finally, the liens and debts will be filed with the bankruptcy court and the bankruptcy process will begin.

If you are still considering if Chapter 7 bankruptcy is for you, it is best to reach out to an experienced bankruptcy attorney who will help determine if filing for Chapter 7 bankruptcy is the best option for you and your financial situation. From there, they will guide you through the legal process ahead. Our bankruptcy firm has over 25 years of experience handling cases like yours. We are prepared to assist you today. If you have any additional questions regarding bankruptcy, do not hesitate to reach out to our experienced firm today.

Contact Our Experienced New Jersey Firm

The Law Office of Boyd & Squitieri prides itself on providing our clients with the competent, honest, and effective legal advice they deserve. Whether you are facing sex crime charges or require assistance filing for bankruptcy, you can depend on us to fight for your rights through every step of the process going forward. Contact the Law Office Boyd & Squitieri today to learn more about how our legal team can help you.

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