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Chapter 7 Bankruptcy Attorney
Location:
Chicago, IL
Description:
Address: 180 W Washington Street Chicago, IL 60606 Website: www.jmhlegalgroup.com Social Media Links: google maps https://www.google.com/maps/place/Chapter+7+Bankruptcy+Attorney/@39.7190512,-91.7471027,7z/data=!3m1!4b1!4m5!3m4!1s0x0:0x40bdd6ed0f38bee6!8m2!3d40.0154833!4d-89.2623429 https://www.facebook.com/Chapter-7-Bankruptcy-Attorney-1621336577952411/ https://twitter.com/ChapterAttorney https://www.linkedin.com/in/chapter-7-bankruptcy-attorney-6ab8b915a/ Category: Bankruptcy Attorney, Law Firm, Lawyer. Hours: Mon-Fri 9 a.m - 7 pm Sat 9 a.m - 3 p.m Payment Method: All credit cards. Cash, check Keywords: Bankruptcy lawyer Chicago, bankruptcy in Chicago, Bankruptcy Attorney Chicago, Bankruptcy Service, Bankruptcy Consultation, chapter 7 bankruptcy, chapter 13 bankruptcy, business bankruptcy lawyer, chapter 7 bankruptcy attorney, chapter 13 bankruptcy lawyer, Chicago, IL. Description: A discharge under a Chapter 7 bankruptcy releases an individual debtor from personal liability for most debts and stops the creditors owed those debts from taking any collection actions against the debtor. Chapter 7 bankruptcy discharge is subject to many exceptions; however, and debtors should consult competent legal counsel before filing to discuss the full scope of rights and options with respect to filing bankruptcy. Generally, individual debtors receive a discharge in more than 99% of Chapter 7 cases. In most cases, unless a creditor, or other interested party, files a objection, and barring any other delays in process, the bankruptcy court will issue a discharge order and close the bankruptcy case within approximately 6 months of the date of filing. Where a debtor is represented by an attorney, other than the Chapter 7 filing appointment, the debtor will generally only be responsible for attending on required meeting of the creditors- date and time are assigned immediately after the bankruptcy case is filed. Chapter 7 does not impose a maximum debt limit. Consequently, you can discharge any amount of debt. Further, it is a liquidation of debt; unlike a Chapter 13, you do not need to make any payment or create a payment plan. Chapter 7 bankruptcies are also shorter proceedings than Chapter 13, usually lasting no more than 6 months, as opposed to 3 to 5 years in a Chapter 13. Filing a Chapter 7 petition automatically stops most collection actions pending against the Debtor/petitioner: this includes wage garnishments, collection law suits, foreclosures, and even calls from bill collectors. A Chapter 7 discharge can eliminate all a petitioner s debts. In order to qualify for a Chapter 7 discharge, however, the debtor will need to satisfy a means test- one of the criteria to qualify for a Chapter 7 discharge is the Debtor s household income cannot exceed a certain sum, subject to certain exclusions. Debtors should consult with an attorney to determine whether they satisfy the means test, and whether Chapter 7 is their best choice.
Category:
Legal Services
Posted:
June 26 on Claz
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