Skilled Chapter 7 Bankruptcy Representation
Chapter 7 bankruptcy is the most common type of bankruptcy and what most people associate with bankruptcy. One of the primary reasons people file for Chapter 7 bankruptcy is to get a fresh start and to eliminate most, if not all, of their unsecured debt. Chapter 7 bankruptcy is often called a straight bankruptcy or a liquidation bankruptcy; however, the term liquidation is misleading since in most Chapter 7 cases nothing is liquidated and people retain all their assets. If your debts are primarily, or in fact all, unsecured debts (e.g., credit cards, personal loans, and medical bills) Chapter 7 bankruptcy may be your best solution.
At The Law Firm of Ullian & Associates, P.C., we represent individuals, couples, and small-business owners throughout Massachusetts in Chapter 7 bankruptcy. We understand that people can be overwhelmed by debts due to circumstances beyond their control such as divorce, health issues, reduction in income, or a job loss.
We provide big-firm expertise with small-firm attention. Contact us and our experienced bankruptcy lawyers can meet with you to recommend a solution to provide you peace of mind.
What A Chapter 7 Filing Can Do For You
Chapter 7 can eliminate many debts, including:
- Credit card debts
- Medical debts
- Personal loans
- Lawsuit judgments
- Contract debts
- Some IRS and state tax debts
Most people filing Chapter 7 bankruptcy retain their cars and all their other possessions and assets. It is a misconception that you must be destitute or have no assets to be able to file Chapter 7 bankruptcy. Once a Chapter 7 is filed with the bankruptcy court, the case is assigned a number (called a docket number). This filing of the bankruptcy invokes what is known as the automatic stay. This means bill collectors are prohibited from calling you any more, lawsuits against you must be dropped, utility shut-offs cease, wage garnishments end, and any other pursuit of your debts must stop.
Not everyone is eligible to file a Chapter 7 due to their income and the Means Test. If you earn more than permissible for a Chapter 7, you should learn about Chapter 13 bankruptcy.
Like any significant legal action, a Chapter 7 bankruptcy is not to be taken lightly. However, with the counsel and guidance of The Law Firm of Ullian & Associates, P.C., you can be sure you have made the right decision and take comfort that we have done everything possible to reduce or eliminate your debts and protect your assets.
Thinking about a Chapter 7? | Free Consultation
To schedule a free consultation to discuss your options for a fresh financial start with an experienced bankruptcy attorney, contact the firm online or call 781-848-5980.
The Law Firm of Ullian & Associates, P.C., is a debt relief agency. The firm helps people file for bankruptcy relief under the Bankruptcy Code.