Are You Facing Financial Difficulties?
Bankruptcy may be a viable option to put your debts behind you once and for all.
There’s no question that financial hardship is a challenging position to find yourself in. With insurmountable debt hanging over your head, knowing where to turn can be difficult. Fortunately, with the guidance of an experienced lawyer, you will have access to the resources needed to effectively manage your financial problems.
While bankruptcy often carries the stigma of “financial failure”, it is actually a tool that hundreds of thousands of Americans utilize every year. Not only does bankruptcy provide debt relief, but it also paves the way for a clean financial future.
Attorney Lars Fuller has been licensed to practice law in California for over thirty years. His extensive experience and knowledge of Chapter 7 bankruptcy law have enabled him to successfully guide countless individuals through the bankruptcy process – and he’s prepared to do the same for you.
What Is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is a process that allows debtors to clear away a vast amount of unsecured debts. Whether you’re far behind on credit card bills or medical bills, Chapter 7 may be the financial reset you’ve been looking for.
Chapter 7 bankruptcy uses the liquidation of assets to pay back creditors. While you may have to part with some of your possessions, there are exemptions under Chapter 7 bankruptcy law. With the help of an adept attorney, you’ll be able to liquidate the assets that benefit your case, while holding onto the things that mean most to you.
Once you file for Chapter 7 bankruptcy, the court issues an “automatic temporary stay” on your current debts. This barres creditors from garnishing wages, collecting payments, repossessing property, foreclosing on your home, and more.
Who Qualifies For Chapter 7 Bankruptcy?
While Chapter 7 is the most utilized form of bankruptcy, there are still qualifications that must be met. This includes:
- The passing of the means test. This test analyzes your income, assets, and expenses.
- One cannot have completed Chapter 7 bankruptcy within the last 8 years, or Chapter 13 bankruptcy within the last 6 years.
- One cannot have filed a bankruptcy petition (Chapter 7 or 13) within the last 180 days that was dismissed because of the failure to appear in court or comply with court orders, or you voluntarily dismissed your own filing because creditors sought court relief to recover property they had a lien on.
Want To Find Out If Chapter 7 Bankruptcy Is Right For You? Call Lars Fuller, Esq. Today!
Dealing with financial problems can be stressful and overwhelming. By working with Lars Fuller, Esq., you will have the opportunity to come up with sustainable solutions to your issues.
Having a Chapter 7 bankruptcy attorney that puts your financial needs first is vital. No matter what your circumstances may be, the team at Lars Fuller, Esq. stands ready to provide you with the legal support you need to move forward.
To get started with free 30-minute initial consultation, please do not hesitate to contact our office at (408) 295-5595 today!
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