Chapter 7 Bankruptcy
If you’re plagued by debt, filing Chapter 7 bankruptcy may be the most effective way to protect yourself from creditor harassment and get a fresh start. Chapter 7 can be the solution to achieving long-term financial freedom.
Attorney Peter M. Daigle, P.C. is a licensed bankruptcy attorney in Massachusetts who is ready to help you file for Chapter 7 and make the harassing phone calls stop. We’ve helped numerous clients absolve themselves of debt and can do the same for you.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy, or liquidation bankruptcy, allows you to eliminate most of your unsecured debts. This can include getting much-needed debt relief from credit cards, medical bills, personal loans, and tax penalties.
While it’s called “liquidation bankruptcy,” in many cases, it doesn’t always mean your assets will be sold off to pay creditors. Most of your assets can often be marked “exempt” and will not need to be liquidated.
To apply for Chapter 7 bankruptcy, you must qualify, including passing a means test.
Benefits of Filing For Chapter 7 Bankruptcy
While you might be hesitant to file for Chapter 7 bankruptcy, there are numerous benefits you will experience – in addition to getting rid of your heavy debt:
- Discharge unsecured debts like credit card debt, medical bills, and personal loans.
- Stop creditor harassment. They must stop contacting you directly as soon as you file for bankruptcy.
- Get a fresh start, free of debt. You can rebuild your credit after filing, allowing you to get more access to financing in the future.
- Get peace of mind by eliminating overwhelming debt, and start focusing on building your financial future.
When you file Chapter 7 with the Daigle Law Office in Massachusetts, our team will provide the following advantages:
- Help you analyze your debt
- Determine your property exemptions
- Assure your eligibility for Chapter 7
- Reaffirm your secured debts
- Assist with filing all the necessary Chapter 7 forms
Who Should File for Chapter 7 Bankruptcy?
When you have overwhelming debt from the loss of a job, a severe medical condition, or other financial setback, filing for bankruptcy can be the solution. Chapter 7 bankruptcy is the right option for specific individuals. Chapter 7 bankruptcy candidates will:
Have overwhelming unsecured debt:
- If you need help with a significant amount of unsecured debt, like credit cards, medical bills, or personal loans, and need a realistic path to repayment, Chapter 7 can provide a clean slate.
Face creditor harassment:
- If you’re constantly bombarded with collection calls and letters, Chapter 7 offers immediate relief by stopping creditor contact.
Have limited assets:
- If your assets are mostly exempt from liquidation (like your primary residence and car), Chapter 7 can be beneficial. The court might sell some non-exempt assets to repay creditors, but the value is typically minimal.
Means Test
You can take the means test to see if you qualify for a Chapter 7 Bankruptcy. The bankruptcy means test calculates various aspects of your financial situation and determines whether you qualify for a Chapter 7 bankruptcy. Chapter 13 bankruptcy may be an option if you do not qualify.
Why Hire Us to Help You Through a Chapter 7 Bankruptcy?
When considering filing for Chapter 7, let our expert bankruptcy attorneys represent you.
Beyond guiding you through the Chapter 7 process, the Law Office of Peter M. Daigle will instruct you on the best course of action. Chapter 7 isn’t for everyone, and numerous factors must be considered. No matter your situation, you can always trust The Law Offices of Peter M. Daigle, P.C. to provide honest legal counsel that helps with your debt.
If you are experiencing threats of foreclosure, or repossession, or harassment from creditors, or even if your wages/salaries are being garnished, we are here to help in those matters.
Call Daigle Law Office today for a free and confidential consultation with Attorney Peter M. Daigle, a skilled and reputable bankruptcy and foreclosure defense attorney in Massachusetts. Call our Cape Cod office at 508-771-7444 or our Norwell office at 508-771-7444.
