CHAPTER 7 BANKRUPTCY
If you are under constant stress from creditors and lenders, and you don’t know how you’ll ever get out of your debts, filing for bankruptcy in Upland may be an option for you. Chapter 7 bankruptcy, sometimes called “liquidation” bankruptcy, is designed to wipe out certain debts for people who are in dire financial straits. For those with high amounts of credit card debt, medical bills, or personal loans in Upland, Chapter 7 can offer relief and a fresh start. Contrary to popular myth, you won’t lose everything if you file; in many cases, you can erase thousands of dollars of debt, while still safeguarding some of your assets.
To qualify for Chapter 7 bankruptcy, you must meet certain eligibility requirements, pertaining to your income, amounts and types of debts, and other details. A qualified bankruptcy attorney in Upland can confirm your eligibility and offer consulting before you decide to file. If you consistently receive harassing phone calls from creditors, you’re behind on your payments, or your debts take up a large portion of your income in Upland, Chapter 7 bankruptcy may be a good choice. With the right lawyer and consulting, you can minimize the downsides of bankruptcy, and maximize your financial freedom.
Reach out to us at the Law Office of W. Derek May today, and take the first step towards your peace of mind.