Oakland County Chapter 7 Bankruptcy Attorney

Are you unable to keep up with your bills? Are you getting calls and letters from collectors? Are you nervous about being evicted or losing your home or car? If you answered “yes” to any of these questions, it is important to know that you are not alone. Many people in Oakland County face financial struggles, and many people have found relief through Chapter 7 bankruptcy.

If you want to learn whether this type of case is right for you, don’t wait to set up your appointment with Oakland County Chapter 7 bankruptcy attorney Karen Evangelista. Our firm has helped many people regain control of their finances, so find out how we can help you!

Is Chapter 7 the Right Type of Case for You?

There are different types of bankruptcy cases for people in different situations. Chapter 7 is not right for everyone, and your attorney should carefully review many factors to advise you about your best options. Some of those factors include:

• Your household income – if it is too high, you will not qualify for Chapter 7
• The type of debt you have – Chapter 7 can only address certain types of debts, including credit cards, medical bills, and similar unsecured debts
• Your property – If you own too much property or assets, you might have to give up a lot in your case, and another type of case might be better

If you decide with your lawyer to file for Chapter 7, you should discuss how the process works and what to expect. 

How Does Chapter 7 Bankruptcy Work?

When you file for Chapter 7 bankruptcy, you begin the debt relief process. You have to file what is called a bankruptcy petition, along with a lot of paperwork that shows your debts, income, and property. It is important to have an attorney prepare these documents for you to start your case on the right foot. 

The bankruptcy trustee will assess what property might be sold as part of your case, as the proceeds of the sales will help pay down your debts. Some people do not lose any property at all because their attorneys are able to use the law to protect as much as possible. 

At the end of a successful Chapter 7 bankruptcy, the judge will “discharge” all of the debts that are able to be discharged. This means that you will no longer be responsible for paying those debts, and the balance will be wiped out. This often frees up enough cash for you to stay on top of your other bills and expenses, and can relieve the stress of collections and late payments.

Consult with an Oakland County Chapter 7 Bankruptcy Attorney

The law office of Karen E. Evangelista handles Chapter 7 cases for people throughout Oakland County and the surrounding areas. We are ready to look over your finances and let you know if bankruptcy can help you and your family. Contact us for more information today.