Chapter 7 Bankruptcy May Change Your Life

If you are feeling overwhelmed by medical bills, past-due mortgage payments, credit card bills and other types of debt, filing Chapter 7 bankruptcy may be the answer you need. For those who qualify for Chapter 7, it can make a dramatic and positive difference in their lives.

At Lavery & Sirkis, we are here to guide you through the bankruptcy process in New Jersey or Pennsylvania. With decades of experience and a compassionate, personal approach, our attorney is ideally equipped to help you find the debt relief solution you seek. Feel free to call our Hackettstown office to set up a complimentary consultation today: 908-850-6161.

Chapter 7

Frequently Asked Questions About Chapter 7

Here are a few common questions and answers about this type of bankruptcy:

  • What can Chapter 7 do for me?
    Chapter 7 offers many potential benefits. As soon as you file, creditors will no longer be allowed to call you, write you, sue you or garnish your wages. It will also put a temporary halt to any home foreclosure proceedings. When the bankruptcy is complete, your unsecured debts (such as medical bills, credit card debt and utility bills) will be erased.
  • Will I lose everything I own?
    No. Although Chapter 7 requires you to liquidate certain assets to repay your creditors, it does not mean losing everything. Federal and state exemptions allow you to keep a certain amount of personal property.
  • Will it ruin my credit score forever?
    Contrary to popular opinion, filing bankruptcy won't permanently destroy your credit score. In fact, it probably won't take nearly as long as you think to get approved for credit cards and loans again. Wiping out old debts through bankruptcy can actually improve your credit in some cases because you won't continually be behind in your payments.
  • Does everyone qualify for Chapter 7?
    No, not everyone qualifies. You must pass a "means test" first to prove that your income and assets fall below a certain level. However, even if you make too much money to qualify for Chapter 7, you can file for Chapter 13 bankruptcy instead.

End The Debt-Related Harassment And Stress Today

For a free and confidential consultation about your situation and options, please contact our lawyer online or call Lavery & Sirkis at 908-850-6161. We are ready to help make a lasting difference for you.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.