Finding Relief from Financial Uncertainty with Chapter 7 Bankruptcy

If you are afraid to open the mail because of the overdue bills.

If creditors are calling you daily, harassing you for payments you can make.

If your life feels out of control because of anxiety.

It may be time for you to consider Chapter 7 bankruptcy.

Personal bankruptcy seems difficult, even scary at first, but what many people don't realize is the tremendous sense of relief they will feel after they have taken concrete steps to overcome their financial problems.

Contact Attorney Robert H. Holber of Holber & Guilfoil in Media, PA for a free initial personal bankruptcy consultation. Find out if you qualify for personal bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. We will help you put together a concrete plan to help you get out of debt and back on your feet.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy stops creditor harassment, stops foreclosures on your home or property, and drastically reduces or eliminates credit card debt and medical bills. Chapter 7 bankruptcy gives you a "fresh start."

Who Should Consider Chapter 7 Bankruptcy?

Chapter 7 is available to people who have never declared bankruptcy before and who have much more debt than they can ever eliminate, even if they were given more time. They are often people who:

  • Are unemployed or have permanently reduced income (as may be the case with a failed business, a divorce, or loss of alimony or child support income)
  • Have large credit card and/or medical debts
  • Are behind on credit cards, mortgage payments, and car payments
  • Have old tax obligations

What Happens in Chapter 7 Bankruptcy?

The first step is to work with a bankruptcy lawyer at Attorney Robert H. Holber of Holber & Guilfoil, to file a petition with the U.S. bankruptcy court, along with information about your assets and debts. The court will immediately stop all collection proceedings against you, including home foreclosures and threats of taking your car.

Your assets are now under the court's protection. The court will notify your creditors that you have filed a bankruptcy petition.

A trustee will be appointed by the court to review your paperwork and the facts and circumstances of your case. The trustee will look after the interests of your creditors and will sell any non-exempt assets and distribute that money to your creditors. After that sale is complete, the court will sign an order removing (discharging) any remaining debts (with a few exceptions).

You are free to make a fresh start.

Undoubtedly, you have many questions, particularly about what assets you will be able to keep and what debts can be completely discharged. That is why we offer a free initial consultation.

Learn more about whether you qualify for Chapter 7 bankruptcy or Chapter 13 bankruptcy and how it can help you get back on the road to financial stability. Contact Attorney Robert H. Holber of Holber & Guilfoil at our Media, PA bankruptcy law office today.