Chapter 7
Understanding Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the most prevalent type of bankruptcy. Most individuals meet the criteria to file under Chapter 7. A significant advantage of Chapter 7 bankruptcy is that it offers consumers a chance for a fresh financial beginning by discharging most, if not all, of their debt.
Debts Discharged in a Chapter 7 Bankruptcy
Debts commonly discharged in Chapter 7 bankruptcy encompass consumer credit card debt, personal loans, medical bills, residual balances on surrendered vehicles, and items in collections. Other unsecured debts may also be eligible for discharge.
Facing Overwhelming Situations
Are you feeling overwhelmed, and are facing a challenging situation? If so, then you should know that many of Jennie Patton’s clients felt the same way before seeking her guidance. Many clients leave her office feeling relieved and equipped to move forward.
Stressful circumstances like divorce, illness, job loss, personal crises, or excessive credit card use can lead anyone to feel overwhelmed. By seeking the assistance of a qualified bankruptcy attorney, you can get help during these times to help you lighten your stress load.
Seeking Professional Advice
No matter what situation you’re facing, consulting with a compassionate bankruptcy attorney like Jennie Patton can provide you with a way out of financial stress. Chapter 7 bankruptcies are the most common form of personal bankruptcy.
Timely filing can help you regain your financial stability and offer the peace of mind that comes with a fresh start. Ms. Patton’s extensive experience and compassion will guide you through the process, offering relief from your financial burdens.
Many fear that filing for bankruptcy means losing their possessions. While Chapter 7 involves the liquidation of assets, it doesn’t necessarily mean you will lose what you own. Most of Jennie Patton’s clients retain their houses, vehicles, and other valuable assets.
Protecting Your Valuable Assets
To achieve the best outcomes and avoid unwanted consequences, it’s crucial to work with a qualified and experienced bankruptcy attorney. Jennie Patton’s years of experience make her uniquely qualified to handle your case. Her attention to detail ensures that your petition and associated documents are accurate and complete, maximizing the benefits of filing for bankruptcy.
Please use the contact form to contact our office and schedule your free initial consultation.