The Benefits Of Chapter 7 Bankruptcy

At Kennel Zeigler LLC in Dayton, Ohio, we have years of experience helping people from all walks of life find lasting debt relief solutions. We are very familiar with the process, and we have seen impressive results in Chapter 7 bankruptcies. Here are a few potential benefits of filing for Chapter 7:

  • It can put an immediate stop to wage garnishment
  • It can quickly halt sheriff's sales
  • It can promptly end harassing calls from creditors
  • It can eliminate credit card debts, medical debts, personal loans and other unsecured debts

How The Process Works

To qualify for Chapter 7, you have to pass a means test. Essentially, this means that you must prove your income and assets fall below a certain limit. Depending on your situation, certain assets may have to be sold to repay your creditors.

As soon as you file the paperwork, an automatic stay will go into effect. This is a court order that stops creditor harassment, wage garnishment and much more.

You Won't Automatically Lose Everything

Contrary to myth, you won't lose all your property when you file for Chapter 7 bankruptcy. Both state and federal law provide exemptions, allowing you to keep a certain amount of property. Many people don't lose anything at all. Our attorneys can explain the details and help you understand exactly how much you would be eligible to keep.

Contact Us To Learn More For Free

Learn more about Chapter 7 bankruptcy by calling Kennel Zeigler LLC for a free initial consultation with one of our lawyers: 937-356-3735. You can also reach us via email.

*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.