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Chapter 7 bankruptcy is one of the most common forms of bankruptcy and is often referred to as "liquidation". It is accomplished by selling your non-exempt property which is then applied towards the claims of the creditors. This option can be used by both individuals and businesses.
When you're looking for a fresh start, a Chapter 7 bankruptcy is for you. Once you file for a Chapter 7 bankruptcy, a stay is automatically put into place to put a hold on certain garnishments, lawsuits, and harassment collection actions. Let Southwell & O'Rourke P.S. help you today.
Although impossible to predict your outcome because everyone's financial situation is different, it isn't uncommon to keep exempt personal and real property in the end. The process is fairly fast and you can have financial freedom in as little as three months.
Don't wait until your situation gets any worse. It's never too early to get help with your financial matters, but it can sometimes be too late. No matter what your financial needs may be, our team can help. Our attorneys can help with your debt settlement , and can even help stop a foreclosure.