Chico Chapter 7 Bankruptcy Attorney

How Chapter 7 Bankruptcy Works

A Chapter 7 bankruptcy is the most common form of bankruptcy in America today, and is known as the liquidation bankruptcy because it cancels all of an individual's unsecured debts. In order to cancel the debts however, you may have to let the bankruptcy court sell, or liquidate, some of your property to pay off your creditors. If you are considering this form of debt relief, you must be able to qualify under the means test and a Chico bankruptcy lawyer from our firm can help you determine if you are eligible.

The entire Chapter 7 bankruptcy process can take from four to six months and will typically cost around $299 in filing and administrative fees. Before you are able to file for bankruptcy, you must complete a credit counseling course with an agency approved by the United States. You won't be able to file for a Chapter 7 claim if you have already received a bankruptcy discharge in the last six to eight years or if there is a possibility that you could complete a repayment plan through a Chapter 13 bankruptcy.

Chico Bankruptcy Lawyer – Help with Filing a Chapter 7

During the process of filing for a Chapter 7 bankruptcy, you will have to fill out a petition and a number of other forms describing your debts, property, monthly income, living expenses, and other information as well. Once you have completed these forms and filed a petition with your local bankruptcy court, you will be protected under an "automatic stay" that stops creditors from trying to collect what you owe them. An automatic stay, known as an Order for Relief, ends creditor harassment, wage garnishment, and any creditor lawsuits that have been filed against you. The legal team at Baker & Farris, Attorneys at Law is highly experienced in Chapter 7 bankruptcy law and the process involved with filing a claim. We are always available to answer your questions and provide you with trustworthy counsel during the process, so call today.

Contact a Chico Chapter 7 bankruptcy lawyer at our distinguished firm today!