Chapter 7 Bankruptcy
Liquidation Bankruptcy
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is also known as “Liquidation Bankruptcy.” Once a Chapter 7 Bankruptcy petition has been filed, an “Automatic Stay” will be issued by the U.S. Bankruptcy Court. An Automatic Stay in Bankruptcy is the injunction that prevents creditors from taking certain actions to collect debts. As long as the Automatic Stay is in effect, creditors generally cannot initiate or continue lawsuits, threatening telephone calls, or wage garnishments. Chapter 7 primary purpose is to discharge certain debts and give you a “fresh start” in a short period of time.
An individual or a business can file a Chapter 7 Bankruptcy. Saunders & Associates has been practicing law since 1989. Yes, 32 years of experience vigorously representing you.
In a Chapter 7 bankruptcy, you’ll fill out forms about what you earn, spend, own, and owe and submit these forms to the bankruptcy court. A bankruptcy trustee will review your forms and documents. The trustee will hold your 341 Meeting of Creditors, where they’ll ask you basic questions about your financial situation.
Chapter 7 Bankruptcy Timeline
A chapter 7 case generally takes about 120 days from filing to discharge. Once you meet the trustee’s requirements, the trustee files a report, and the court issues a discharge Order.
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If you are wondering what makes Saunders & Associates different. The answer is YOU. Saunders & Associates is an excellent partner and guiding light for you, your business and legal needs.
Requirements For Filing Chapter 7 Bankruptcy
At a minimum, you must provide our office with the following information:
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The Process To Getting Started
Review Your Case
Whether you are an individual or business owner. We have a legal strategy and solution that will resolve your matter.
Execute Fee Agreement
Submit all requested documents and Fee Agreement to establish attorney-client relationship.
Vigorously Represent You
Once you become a client, we will vigorously fight for you, to negotiate your desired outcome.
Best Efforts Resolution
Once desired outcome is achieved, supporting documents will be emailed to you. The benefit of having the right law firm on your side.
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Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is also known as “Liquidation Bankruptcy.” Once a Chapter 7 Bankruptcy petition has been filed, an “Automatic Stay” will be issued by the U.S. Bankruptcy Court. An Automatic Stay in Bankruptcy is the injunction that prevents creditors from taking certain actions to collect debts. As long as the Automatic Stay is in effect, creditors generally cannot initiate or continue lawsuits, threatening telephone calls, or wage garnishments. Chapter 7 primary purpose is to discharge certain debts and give you a “fresh start” in a short period of time. An individual or a business can file a Chapter 7 Bankruptcy. Saunders & Associates has been practicing law since 1989. Yes, 32 years of experience vigorously representing you. In a Chapter 7 bankruptcy, you’ll fill out forms about what you earn, spend, own, and owe and submit these forms to the bankruptcy court. A bankruptcy trustee will review your forms and documents. The trustee will hold your 341 Meeting of Creditors, where they’ll ask you basic questions about your financial situation.
Requirements For Filing Chapter 7 Bankruptcy
At a minimum, you must provide our office with the following information:
The Process ToGetting Started
Review Your Case
Whether you are an individual or business owner. We have a legal strategy and solution that will resolve your matter.
Execute Fee Agreement
Submit all requested documents and Fee Agreement to establish attorney-client relationship.
Vigorously Represent You
Once you become a client, we will vigorously fight for you, to negotiate your desired outcome.
Best Efforts Resolution
Once desired outcome is achieved, supporting documents will be emailed to you. The benefit of having the right law firm on your side.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy
This chapter of the Bankruptcy Code provides for "liquidation" - the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.
More Reasons To ChooseSaunders & Associates
Our negotiating skills result in a high rate of success and we are frequently able to reach a positive settlement without ever going to court. When the dispute cannot be resolved through negotiation, we are fully prepared to take legal action to right a wrong, honor an agreement, or obtain compensation on your behalf.
