Chapter 7 Bankruptcy
Eliminate your debts in a matter of months.
Eliminate your debts in a matter of months.
A Chapter 7 bankruptcy offers a quick way to eliminate most debts and move on to a fresh start. If you are overburdened by unsecured debt, Chapter 7 will help you eliminate most debts, including credit card bills, medical bills, past due utilities, and even some back taxes. Within a matter of months, these debts will be discharged and you will be on your way to rebuilding your financial life.
Preparing your case: I will review your income & expenses, assets, and debts, and develop a clear plan of action.
Filing Your Case & the Automatic Stay:
Once I have gathered all of the information, I will prepare your bankruptcy petition, review it with you, and then file it with the court. Once your case is filed, the Automatic Stay is in effect, which is a temporary stop of collection efforts by your creditors. This means an end to harassing creditor calls and collection lawsuits!
The Discharge:
Think of the discharge in bankruptcy as the permanent counterpart to the automatic stay. When your discharge is granted, it is a permanent stop to collection of your debts. Once you are granted a discharge, which is usually within a few months of filing for relief, you will no longer be burdened with payments to unsecured creditors!
Mosley Law Firm, P.C. is dedicated to helping individuals in Western North Carolina solve financial problems.
Have questions? I've got answers. Contact me to get started.