Chapter 7 Bankruptcy
If you are just starting to explore your bankruptcy options, you might be uncertain about whether your situation is severe enough to qualify you for a bankruptcy. You might be unclear about which type of bankruptcy would be best in your situation. You might even be wondering if there is a way to get some help without actually declaring bankruptcy.
At Victor A. Denaro & Associates, I provide individuals in Framingham, Marlborough and surrounding Massachusetts communities with answers to their questions about Chapter 7 and Chapter 13 bankruptcy as well as potential bankruptcy alternatives. I offer a free consultation so that you can get the facts you need, specific to your exact circumstances, so you can choose the right course of action for your specific circumstances.
Chapter 7 bankruptcy is intended to provide immediate relief by wiping out, or discharging, unsecured debt. These are debts that are not secured by an asset such as a house or a car.
Examples of unsecured debt that a Chapter 7 bankruptcy can discharge include:
- Credit card debt
- Medical bills
- Utility bills
- Personal loans or personal lines of credit
When debts are discharged, they are completely forgiven; the slate is wiped clean. The goal is to give you a fresh start. A Chapter 7 bankruptcy generally takes just a few months from start to finish, but some benefits are immediate. As soon as you file, you put a stop to pending foreclosures, creditor harassment, collection lawsuits and wage garnishments.Get Solutions You Can Trust
Take advantage of the free one-hour initial consultation I offer. I am happy to educate you about the bankruptcy process and to offer some basic advice based on what I learn about you and the nature of your debts. Contact me to discuss whether filing Chapter 7 bankruptcy is the right solution for you. Call (508) 620-5320.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.