Is Chapter 7 Bankruptcy Right For You?

If you are facing overwhelming debt, you need to consider all of your options. For many people, the single best way of moving on from debt problems is to file bankruptcy. You need a lawyer who understands bankruptcy law and how it applies to your situation. I am attorney Kevin Chisholm of Chisholm Law Office. From my office in Manchester, I work with people across New Hampshire.

Helping You Find Sensible Solutions To Debt Problems

In a successful Chapter 7 bankruptcy, you can get a fresh start to your financial problems. Many people who file Chapter 7 have lost their jobs, suffered a serious injury or a lengthy illness, or went through divorce. This type of bankruptcy is not right for everyone, and some people simply do not qualify for, or should not resort to Chapter 7. As your bankruptcy attorney, I will look closely at your debts, your income and other factors to determine if Chapter 7 is in your best interests. If it is, we will take action. If it is not, I will tell you so.

How Does Chapter 7 Work?

Chapter 7 bankruptcy is also known as a liquidation bankruptcy. This means that your nonexempt assets may be liquidated, or sold, with the proceeds distributed to your creditors. Most remaining debt, such as credit cards or medical bills, is discharged. Most people who file Chapter 7 bankruptcy lose very little, if any of their property, because all or most of their property is exempt. State and federal law provide that certain types of assets are exempt depending on the type of asset and its value. We take a close look at your assets and apply the appropriate exemption laws to protect them to the extent possible. If you would stand to lose property in Chapter 7 bankruptcy, I will tell you prior to filing and you can make the decision whether to go forward based upon that information. If losing an asset is not acceptable, we will look at alternatives such as Chapter 13 bankruptcy.

Once your bankruptcy is complete, you can begin rebuilding your credit and moving forward with your life. As I help you through the bankruptcy process, I will make myself available to discuss your situation and answer your questions.

Make The Phone Stop Ringing. Call My Law Firm Today.

Once you file bankruptcy, your creditors are legally prevented from contacting you or trying to collect on their debts. This can provide immediate mental and emotional relief. To learn more about Chapter 7 bankruptcy and whether it is right for you, call me at 603-369-6110 or complete my online form to set up your free consultation.