Debt Relief Through Chapter 7 Bankruptcy
Over the past several months, the economy has hit a rough patch. For many people, this is the worst economic time they have lived through, and most of us are feeling the effect in our daily lives. A cut in your paycheck or unexpected medical problems can make it almost impossible to keep up with your monthly bills. For many people, the best option left is filing for bankruptcy.
I am attorney Chad Schaff, and I help individuals throughout Southwest Washington and the Portland Metro Area file for Chapter 7 bankruptcy. Contact me online or call 360-326-4634 to schedule your appointment.
How Do I File for Chapter 7 Bankruptcy?
When clients contact me for help, they are usually uncertain about what will happen when they file for personal bankruptcy. I know that every person I meet with has a unique situation and different financial goals. The first thing I do when I meet with clients is gain an understanding of their financial situation. I spend time talking with my clients, taking the time to understand their situation and how they got there.
Chapter 7 bankruptcy offers people debt relief through liquidation. Individuals are allowed to discharge their debts in exchange for the sale of their assets. We work closely with our clients to protect assets such as their home, car and personal belongings.
What Happens at the Meeting of Creditors?
One of the first things people want to know about is the meeting of creditors. Most of the time, the creditors will not be at the meeting of creditors. Regardless, as long as everything is filed correctly, there should not be any problems with the creditors.
To help alleviate the fear that many people have about the meeting of creditors, I often suggest we arrive at the meeting early. This gives you the chance to watch a few other people's meetings and to ask any last minute questions you may have.
Schedule your appointment with an experienced lawyer by contacting me online or calling 360-326-4634.