Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is a liquidation bankruptcy designed to wipe out general unsecured debts, such as credit cards and medical bills. A bankruptcy trustee will gather and sell your nonexempt assets and use the proceeds from the sales to pay back creditors. In addition, you will be able to keep certain “exempt” property so that you can get a “fresh start.”
You may be eligible for Chapter 7 bankruptcy if you are an individual, a partnership, or a corporation or other business entity. Chapter 7 cases are most likely to be accepted if the individual has primarily business debts. Those with mainly consumer debts may be rejected by the court and have more success filing for Chapter 13 bankruptcy.
It can very confusing and overwhelming to determine what type of bankruptcy is best for you. However, you can rest easy with the guidance of experienced and well-informed attorney David Brunelle. Set up a 30-minute consultation with David to review your financial situation and learn about all your options. With the help of David Brunelle, you will be able to make the most educated choices about your financial future and start your path to a debt free life.
The Advantages of Chapter 7 Bankruptcy:
- Relief available to corporations and partnerships as well as individuals
- Relief is available regardless of the amount of debtor’s debts
- Gives debtors a fresh start
- Debts may be discharged (available to individuals)
- Discharge occurs more quickly than with Chapter 13
Deciding to declare bankruptcy is one of the most difficult decisions a person can make. However, David Brunelle works to make sure that every step after that is as easy and stress-free as possible. David will patiently walk you through filing for bankruptcy and will ensure your comfort throughout the entire process.
Filing for bankruptcy is a hard first step, but it is a step in the right direction! Call David Brunelle today at 413-539-5959 to set up your 30-minute consultation!
Attorney David Brunelle handles personal injury cases in Western MA, including Ludlow, Springfield, and Holyoke and in Northern CT, including Suffield, Enfield, and Somers.