Chapter 7 bankruptcy is often referred to as a “fresh start” bankruptcy because it cancels most of your debt and the wages you earn after you file are yours to keep. However, there are many misconceptions regarding this type of bankruptcy. For example, many people do not realize:
- Chapter 7 bankruptcy is not available to everyone
- The bankruptcy court may sell some of your property for the benefit of your creditors but an experienced attorney can assist you in protecting your assets from being sold
- Chapter 7 bankruptcy will stop the harassing phone calls and garnishments immediately but it is not an effective tool for stopping foreclosures or repossessions
An experienced bankruptcy lawyer will help you understand the numerous rules of filing bankruptcy and, more importantly, how those rules impact your specific situation. The Fauss Law Firm has been assisting individuals with debt relief and Chapter 7 bankruptcy since 2005 and has the experience to assist you with your financial issues.
Learn more about Chapter 7 bankruptcy including:
For a FREE consultation with a bankruptcy lawyer, contact St. Louis attorney Jason Fauss online or call 314-291-8899 to arrange a FREE initial consultation to learn the bankruptcy options available to you.