Chapter 7 Bankruptcy in Oakland
Chapter 7 is especially helpful for people who have high-unsecured debts like medical bills, credit card debt, and unsecured personal loans. The goal of attorneys at Schmit Law Office is to get you back on your feet as soon as possible so you can move forward with your life or business. A skilled bankruptcy attorney can help you file and determine the best course of action to take. Once filed, your case may move more quickly, making it possible to receive a discharge in a few months.
Our skilled attorneys safeguard you through the Chapter 7 bankruptcy filing process from start to finish. We offer you the highest quality legal services in a compassionate, confidential, and cost efficient manner.
What Chapter 7 Bankruptcy means to you
A Chapter 7 Bankruptcy can mean:
- Immediate relief to those in difficult financial circumstances.
- A fresh start for individuals, partnerships, and corporations with no hope for repairing their financial situation.
- Relief from phone calls and letters—once filed, an automatic stay goes into effect that stops creditors and debt collectors in their tracks.
- Protection—when your case is pending, creditors are not allowed to take any action to collect their debt or seize your property to satisfy their claims.
- A wide variety of debts discharged.
A discharge means the successful removal of unsecured debts such as credit card debt, medical bills, most personal loans, some older tax debts, payday loans, and garnishments. Liquidation means most or all of your assets are sold and the proceeds distributed to your creditors. Generally, some of your assets are declared exempt and retained, most notably your car and primary residence.
For a free and confidential consultation, call our Oakland bankruptcy lawyers today at 510-893-4111 ext. 180.
