Eliminate Your Debt in Chapter 7 Bankruptcy
Credit cards. Medical bills. Loans. Those are three of the biggest concerns facing Americans when it comes to debt. But in chapter 7 bankruptcy, you can discharge most unsecured debt that has been accumulated because you lost your job, got divorced, suffered an illness, or got injured in an accident.
If you are facing overwhelming debt and creditors are harassing or threatening you, we can put a stop to it. Bankruptcy may not be the solution for you, but you should know that you have options. You have nothing to lose by contacting us for a free consultation.
Contact us online or call 808.554.0104 to speak with an attorney.
Meeting Your Needs ∙ Protecting Your Interests
Chapter 7 bankruptcy is also known as liquidation. In spite of how you may feel, bankruptcy does not mean permanent financial ruin or personal failure. Bankruptcy is meant to protect you from creditors when you need a fresh start. Though some assets are typically handed over to the bankruptcy trustee, you can keep many assets such as household goods and furnishings, and perhaps your house and car depending on the circumstances.
The process of discharging your debt usually takes 100 days after filing. Though the case will take some time, creditors are required to immediately stop calling or sending collection letters. With the help of a bankruptcy lawyer, your unsecured debts will be eliminated and your rights against creditors will be protected.
Save Your Retirement Funds
Do not spend down your retirement accounts simply because you are considering bankruptcy. Retirement funds are generally exempt from liquidation. Chapter 7 bankruptcy truly gives you a fresh start because you can keep your retirement savings and discharge unsecured debt.
For counsel and guidance, hire Abelmann Law LLLC. We are located in Honolulu and serve clients throughout Hawaii. Contact us online or call 808.554.0104 to schedule a free consultation.