Chapter 7 – Eliminate Debt:
Allows you to eliminate most debt such as:
- Credit Cards
- Medical Bills
The debt is wiped away and you get a fresh start. In most cases, you can keep all of your property. Once your case is filed, all collection efforts will stop:
- You will no longer receive threatening phone calls.
- Garnishments must stop.
- Your power cannot be shut off.
- Most lawsuits will have to be dismissed. Garnishments must stop.
The experienced attorneys at the Bankruptcy Law Center LLP are here to help. Below is some helpful information in order to help you through this process.
If you have high monthly credit card bills, we strongly urge you to call us before making another payment. We may be able to save you thousands of dollars. By the time most people call us, they have paid thousands of dollars in high interest and late fees to rich credit card companies, which is money that could have been used to take care of you and your family. Once you retain our services, if bill collectors call, simply let them know that you have retained the Bankruptcy Law Center LLP as your attorneys. Give them our name and number and hang up. You will have no obligation to speak with bill collectors. If you receive any legal papers or papers you do not understand, you can call us for help.
Filing Chapter 7 Bankruptcy
There are two Debtor Education Courses that you are required to take. They can be done over the telephone or online (see below) and are relatively simple to complete. The first course must be completed BEFORE your bankruptcy can be filed. Upon completion of the course, a certificate will be provided and filed with your paperwork. Please note that this certificate is only good for 6 months. In order to avoid having an expired certificate, do not take this course until you are about to file your case. The second course must be done AFTER your case is filed. We will let you know when to take the second course.
You can obtain these certificates from any accredited Debtor Education Provider, here are a few services accredited in our district:
- Consumer Bankruptcy Counseling
- Cricket Debt Counseling – (866) 719-0400
- InCharge – (866) 729-0049
- The Mesquite Group – (877) 769-4069
You are required to list each one of your creditors on your bankruptcy petition. If you need to obtain a credit report, please go to www.annualcreditreport.com for a FREE credit report.
You are required to provide written verification of all income received in the 6 months prior to filing your case. Keep all pay stubs (if applicable) that you receive until your case is filed. If you don’t have pay stubs dating back 6 months, you will need to contact your payroll department to obtain this information. A print out from your payroll department showing the dates you were paid, your gross income, and your deductions will be sufficient.
There will be one hearing you will need to attend. This hearing is referred to as the Meeting of Creditors. You will be asked a series of very simple questions concerning your financial situation. We will be there with you, and in most cases your creditors will not be there. You are required to bring a government issued photo ID (driver’s license or passport) and Social Security card to this meeting. If you do not have a Social Security card you can go to the nearest Social Security Administration office and obtain one.
Continue to pay your mortgage if you plan on keeping your home. The same applies to vehicle loan(s) if you plan on keeping your vehicle(s). This also applies to other debts secured by collateral that you want to keep, such as furniture, jewelry, and electronics. If you are unsure whether a debt is secured or not, call and ask us. If you don’t want to keep these items, do not make any more payments, but expect to have to give the property back. We are experienced in protecting your assets. We will use the applicable laws to your advantage to see to it that you are able to keep your property.
Stop using your credit cards. If you have decided to file bankruptcy, it is extremely important that you stop using your credit cards. Continuing to use the credit cards could cause problems in your bankruptcy. The goal is to get out of debt, not deeper into it.
Don’t listen to your creditors. Call us! Creditors may tell you horror stories about bankruptcy, but all they are trying to do is to keep you from filing so that they won’t take a loss. Don’t listen to them. If you have questions about bankruptcy, call and ask us.
Remember we are here to help; call us first before doing anything. We are on your side!