Robert E. McRorey, Attorney at Law can determine if Chapter 7 bankruptcy is the best solution for you and help you through the filing process from start to finish. We use our extensive knowledge of bankruptcy law and handle all the paperwork with great attention to detail. We educate you and answer your questions so you can make informed decisions throughout the process. We fight to stop the harassing phone calls, save your property from foreclosure and set you on a healthier financial path.
Chapter 7 bankruptcy provides a fresh start for individuals, partnerships and corporations with no hope of repairing their current financial situations. It involves a liquidation of personal and business assets. Most or all of your assets are sold, and the proceeds are distributed to repay your creditors. Some of your assets — including your car and home — may be declared exempt, allowing you to keep them.
Chapter 7 bankruptcy helps people who have large unsecured debts, such as:
With Chapter 7 bankruptcy, there is a means test to determine if you have the ability to pay your debts. If you are able to pay, Chapter 7 bankruptcy might not be right for you, but there are other options. We help to determine if Chapter 7 is your answer.