Chapter 7

Filing For A Chapter 7 Bankruptcy

The Chapter 7 Bankruptcy laws were designed and intended to assist people who have fallen prey to situations such as the recent economic downturn. In these times many people don't know where to turn with overwhelming debt and bill collectors harassing them. In this situation a Chapter 7 bankruptcy is a tremendous help.

In fact, a Chapter 7 bankruptcy can help you in the following ways:

• Wipe out debt
• Stop creditor harassment
• Stop wage garnishment
• Stop eviction
• Stop foreclosure
• Save your home and car
• Give you peace of mind

After filing for a Chapter 7 Bankruptcy you may actually be in a better position (with no more creditors bothering you) to rebuild your credit. Alternately, if you do not qualify for Chapter 7 bankruptcy, a Chapter 13 may be an option for you.

An attorney from My Professionals can meet with you to discuss whether Chapter 7 or Chapter 13 bankruptcy would be right for you.