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What is chapter 7 bankruptcy?
Chapter seven bankruptcy is what most people think of when they hear the word "bankruptcy." It allows most debtors to keep all of their property and to get permanent relief from their debt. I'm Stewart Alford, a bankruptcy lawyer with the law firm of Alford and Bertrand. I've been practicing bankruptcy law for almost twenty years.
tags:
bankruptcy
chapter 7
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
What is chapter 7 bankruptcy?
A Chapter Seven bankruptcy is a bankruptcy which has a goal to discharge or wipe out all of your unsecured debt, meaning credit card debt, doctors' bills, oil bills, hospital bills, things that aren't secured by collateral that you want to keep such as a home loan or an auto. But you also have an alternative, a choice, if you have a car that you want to get rid of, you can get rid of the car, and get rid of that debt. If you have a house that for any reason you feel that you no longer can afford to live in, and you want to surrender the house and get rid of that debt, you can do that with a Chapter Seven as well. Hi, I'm Harvey Alford, with the law firm of Alford and Bertrand. We have thirty years' expertise in the area of bankruptcy. If you feel you need a fresh financial start, we offer a free consultation.
tags:
bankruptcy
chapter 7 bankruptcy
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
What's the difference between chapter 7 & 13 bankruptcy?
The chapter seven bankruptcy is a much shorter process which involves the filing of a bankruptcy participation, a meeting with a trusty and a subsequent discharge of dept. A chapter thirteen bankruptcy is a process which can last any where from three to five years and involves the repayment of at least part of your dept.
I'm Stewart Alford a bankruptcy lawyer with the law firm of Alford and Bertrand I have been practicing bankruptcy law for almost twenty year's.
tags:
bankruptcy
chapter 7 vs 13
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
Does everyone qualify for bankruptcy?
Not everybody automatically qualifies to file a chapter 7 bankruptcy. There is a means test which all deters must take in order to establish their eligibility to file a chapter 7 bankruptcy. I'm Stuart Alford, bankruptcy lawyer with the law firm of Alford and Bertrand. I've been practicing Bancroft law for almost 20 years
tags:
bankruptcy
qualifications
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
Can I keep my car after a bankruptcy?
If you are filing a chapter 7 bankruptcy and you wish to keep your car and you can afford to make the payments and you are up to date on your payments, you can keep your car as long as the car is an exempt asset. If your car happens to be a Maserati, and it's worth $50,000, it may be a serious issue. So, sometimes it depends on how much the car is worth. Hi, I'm Harvey Alford, with the law firm of Alford a& Bertrand, we have thirty years expertise in the area of bankruptcy. If you feel you need a fresh financial start, we offer a free consultation.
tags:
bankruptcy
keeping my car
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
What happens to my debt after a bankruptcy?
If it's a straight Chapter 7 bankruptcy, the unsecured debt, meaning credit card debt, old utility bills, and medical bills and so forth, determines the discharge. Which means that they are noncollectable. There is a permanent restraining order on any attempt to collect them. They are in effect wiped out. You no longer owe them for all practical purposes.
Hi, I'm Harvey Alford, with the law firm of Alford and Bertrand. We have 30 years expertise in the area of bankruptcy. If you feel you need a fresh financial start, we offer a free consultation.
tags:
bankruptcy
debt status
debt relief
loan
credit cards
lawyer
attorney
Boston
Massachusetts
Alford & Bertrand
attorney: Alford & Bertrand, LLC
What happens to my debt after a bankruptcy?
In a chapter 7 bankruptcy most, if not all, of your debt can be discharged and is no longer forcible against you for all practical purposes until the end of time. In a chapter 13 bankruptcy, you present a plan to the court which provides how you will pay a portion or all of this debt over a period of up to five years. I'm Stuart Alford the bankruptcy lawyer for the law firm of Alford and Bertrand. I've been practicing bankruptcy law for almost 20 years.
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attorney: Alford & Bertrand, LLC