Chapter 7 Bankruptcy

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is also called a liquidation bankruptcy. It is the most common form of bankruptcy filed by individuals across our country. Basically, it has the power to wipe out all, or most, of your debt (this is called a discharge of debts). You will no longer be obligated to pay the discharged debts, which allows you the opportunity to start fresh. There are some debts, however, that you will not be able to get rid of, even with Chapter 7 bankruptcy. These include child support, student loans, and some taxes (see information on C​hapter 13 bankruptcy i​f these are your issues). Some of the debts that you WILL be discharged of include credit cards, medical bills, utility bills, personal loans, and certain bank loans, liens, and mortgages, depending on the circumstances.

Life During Chapter 7 Bankruptcy

We understand that deciding to file for the full bankruptcy can make you feel like failure, but this is not the case. In fact, it should be thought as a fresh start and a new beginning! Bankruptcy can impact your credit rating, but what most people don’t know is that sometimes bankruptcy can actually INCREASE your credit score because your debts are wiped out. Also, there is no more negative reporting starting on the day you file your Chapter 7 case, so you start rebuilding your credit immediately. What about all of that stuff you would have been doing if you had the money – saving for your kids’ college, your next vacation, your own retirement – you can do that now! No creditor is going to be calling you or writing you asking for money. You will be done with all that and looking toward the financial stability of your future.

Bankruptcy Process
Find out what you can expect during bankruptcy.

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Find out which option is right for you.

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Learn about rebuilding your credit after bankruptcy.

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Testimonials

  • I just loved Ms. Wasson’s professionalism and timely response to everything! I feel relieved and ready to rebuild by financial status.

  • The moment I walked in the door I felt like I was talking with a friend. You really made me feel relaxed and that you genuinely cared about my best interest.

  • Andrea, you are absolutely amazing.  I love you!

  • They answered all my questions, they are very nice ladies, and very personable.  I will recommend you to all my friends!  Thank you all so much!

    -Michael H.

  • I am so glad I was sent to you all. You made this process simple and not scary. I appreciate your word[s] of encouragement.

  • You made me feel comfortable, without any judgment.  At first I was ashamed and embarrassed of my situation.  Now I fee relieved, and now I can start over.

  • At first I was scared. After meeting Leeann, I knew I was in the right place for help. Your firm is very professional and organized.

  • I can breath and I don’t have to worry about the next phone call or mail.  We can move on with life!

    Lisa and James

  • You were very good at listening to me about my personal situation.  You showed a real concern about me as a client and a person.  You made me feel very comfortable during the whole case.  Being very nervous, Andrea’s smile helped a lot.

    Raymond

  • Andrea was professional, friendly, and always prompt when calling back or answering an email.  Love her!

  • It feels good being debt free. The process was well organized and detailed with information. I intend to stay debt free!  Leeann made me feel comfortable and was compassionate about my situation. I was very impressed.

  • You all made me feel ok about what I was doing.  I was upset about it, and after speaking to you I felt so much better.  Everything was great and easy on me.  I did not feel like I was doing anything wrong.  I felt very welcome and comfortable.  A big weight has been lifted off my chest.

    Olivia

  • Leeann made the process easy and worry free.  She was so friendly and welcoming.  I feel really good about the bankruptcy process and my decision to file.

  • The legal assistant was very sweet and helpful.

  • I loved Andrea.  She’s laid back and put me at ease.  She’s so easy to talk to.  She is understanding and listens to you.

  • The legal assistant was very helpful and knowledgeable – always followed through.

  • I feel as if I have a new start. My life can start now without the financial burden. It was a very stress-free experience.

  • The most positive part of the experience for us is that we were treated like people who needed help, not like we were too lazy to pay our bills. Your kindness is much appreciated.

  • Andrea was fantastic!  Professional, down to Earth, and TRULY understood my concerns.  I would recommend Andrea to anyone needing assistance with bankruptcy!

  • When I first met Leeann she made me feel very comfortable.  She handled everything so quickly and kept me up to date with everything.  I was so nervous and she made me feel at ease.  [She] went above and beyond what she needed to do to help me.  I felt taken care of from start to finish.

    Terry

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