San Rafael CA Chapter 7 Bankruptcy Lawyer
Debt Relief through Chapter 7 Bankruptcy
People from all walks of life are able to obtain debt relief through Chapter 7 bankruptcy. At the Law Offices of Louis Napoli, we can explain your options, discuss the benefits and risks of bankruptcy, and help determine if personal bankruptcy is a viable option for you.
For a 20-minute phone consultation about your bankruptcy options, call or e-mail us .
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a type of personal bankruptcy where an individual’s debt is discharged or eliminated. Most debts are cancelled through this type of bankruptcy, creditors are required to stop all collection activity, and debtors are protected from wage garnishment, repossession, and other collection measures.
In Chapter 7 bankruptcy, debtors may be required to sell certain non-exempt assets to repay creditors. However, debtors are allowed to keep many of their assets including a car, home equity up to a certain amount, tools used to perform a job, and other property.
Eligibility for Chapter 7 bankruptcy is determined through a means test. Those who are not eligible for Chapter 7 bankruptcy may still be eligible for Chapter 13 bankruptcy, which stops foreclosure.
Is Chapter 7 Bankruptcy Right for You?
At the Law Offices of Louis Napoli , we can explain the Chapter 7 bankruptcy process and help you determine if this debt relief option is your best option. Filing a Chapter 7 bankruptcy has helped millions of individuals stop creditor harassment, eliminate debt, and move on with their lives.
Contact a Lawyer to Find out More
Making the decision whether to file bankruptcy is never easy. We are here to help you explore your options and make the best decision based on your personal goals. For a 20-minute phone consultation, call or e-mail us .