Helping Families and Individuals in Montgomery County Get a Fresh Start
Chapter 7 bankruptcy can help you wipe your debts away and start with a clean slate. If you are in the midst of severe financial distress, Chapter 7 may be right for you. A bankruptcy lawyer can be crucial in making certain you obtain the full measure of debt relief. The legal team of Minnillo & Jenkins, CO. LPA, is ready to talk to you about your financial situation. If bankruptcy is right for you, we will be ready to guide you through the process.
Chapter 7 bankruptcy is a powerful means of debt relief. When you file for bankruptcy, your creditors will, by law, have to stop any collection actions against you. This is known as the automatic stay.
Chapter 7 involves liquidating your nonexempt assets to pay your creditors. Your remaining unsecured debts will then be discharged. In most cases, people filing for Chapter 7 have few, if any assets that are not exempt from liquidation. Therefore, most people filing Chapter 7 bankruptcy do not lose any of their assets.
In most cases, Chapter 7 is a fairly streamlined process. Therefore, you will typically receive your discharge a few months after you file bankruptcy. In Chapter 7, only your unsecured debts are discharged. Typically, your credit card bills, any medical bills and other bills are wiped clean. Student loans and taxes are only dischargeable under certain conditions.
Contact the Dayton Chapter 7 Bankruptcy Lawyers of Minnillo & Jenkins
When you work with our attorneys, we will take stock of your debts, your assets and your income to help you see if Chapter 7 bankruptcy works for you. To get started with your free initial consultation, call our Dayton office at 937-550-1030 or e-mail us today. We also have offices in Cincinnati and Columbus, and serve people across Ohio.
We are a law firm and a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
