Gilbert and Queen Creek Chapter 7 Bankruptcy Law Firm
Are you struggling with debt? Do you live day-to-day dealing with harassing creditors and intrusive phone calls? It may be time to consider bankruptcy as a option. Chapter 7 bankruptcy is a personal bankruptcy option that that eliminates a person's debt.
At Wilson-Goodman & Fong, P.L.L.C., we can explain the bankruptcy process and help determine if you are eligible for Chapter 7 bankruptcy. Contact a lawyer today to schedule a free initial consultation in our Gilbert or Queen Creek law offices.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a form of personal bankruptcy that liquidates debt. Through Chapter 7, debt is eliminated. Debtors may be required to sell off certain non-exempt property to repay creditors.
New bankruptcy laws were passed in 2005 that changed the requirements for filing bankruptcy. Today, eligibility for Chapter 7 bankruptcy is determined through a means test. This test considers an individual's income and expenses. Individuals with a low enough income—or high enough expenses—may qualify for Chapter 7.
Is Bankruptcy Right for Me?
Bankruptcy is a scary prospect for many people. However, if you find yourself in an unmanageable situation struggling with debt, it may be time to consider bankruptcy.
Chapter 7 bankruptcy can completely wipe out your debt. As soon as you file, creditors are required by law to stop contacting you. You may be able to strip off a second mortgage by filing bankruptcy. Call our office to discuss other benefits of bankruptcy.
Find out more about your debt relief options:
Contact Us
Contact an attorney in Gilbert at 480.503.9217 or Queen Creek at 480.686.9400 to schedule a free initial consultation.
Wilson-Goodman & Fong, P.L.L.C. is a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.