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    • Bankruptcy Lawyer
    • Services
      • Chapter 7 Bankruptcy Help
      • Chapter 13 Bankruptcy
      • Chapter 11 Bankruptcy
      • FDCPA-TCPA
    • Student Loans
    • About Kurt
    • FREE Budget Analysis
    • Blog
    • Contact
Bankru
  • Bankruptcy Lawyer
  • Services
    • Chapter 7 Bankruptcy Help
    • Chapter 13 Bankruptcy
    • Chapter 11 Bankruptcy
    • FDCPA-TCPA
  • Student Loans
  • About Kurt
  • FREE Budget Analysis
  • Blog
  • Contact
bankruptcy attorney assisting client with chapter 7

Chapter 7 Bankruptcy

What Is Chapter 7 Bankruptcy?

Chapter 7 helps struggling consumers in a number of ways.


Just by filing, you get an automatic stay that stops ALL collection efforts by creditors – calls, letters, garnishment, repossession, and even foreclosure (EXCEPT child support and some other things).


Chapter 7 bankruptcy, also called liquidation bankruptcy, wipes out your debts with some narrow exceptions.

You still have to pay secured debts. Like your car loan or mortgage, IF you want to keep the car or house.

Some tax debts, criminal fines, debts from drunk driving are some of the other debts that can be excluded from the discharge.


 The discharge is what you want. It takes your name – NOT any co-signer’s name – off the debt. Forever!

Current law is that you cannot file Chapter 7 again for 8 years.


Yourf Chapter 7 Bankruptcy might be an:


Asset Case
Where the debtor has NON exempt assets that the court appointed Trustee sells and distributes the proceeds to creditors, or


No-Asset Case

Where the debtor doesn’t own any non-exempt property. In over 90% of cases in Michigan, the Debtor, the one filing bankruptcy, can exempt all her assets.

  

Contact Kurt O'Keefe at 313-962-4630 so you can get your questions answered and get your fresh start in life.

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Bankruptcy can be extraordinarily complicated. With so much on the line, it is wise to consult with Kurt O'Keefe, a qualified bankruptcy attorney to guide you through the process and decide which type of bankruptcy is right for you.

Get A Fresh Start

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