Chapter 7 Bankruptcy
At Neeleman, Toscano, & Guyon, LC, our Everett and Bellingham, Washington and our Salt Lake City, Utah bankruptcy lawyers have been obtaining debt relief for businesses and consumers for over 30 years. Chapter 7 is one way we can help.
Also known as complete liquidation or "straight" bankruptcy, a Chapter 7 bankruptcy allows businesses and individuals to surrender non-exempt property and eliminate debt. Harassing creditors stop contacting you as soon as you file.
When you file a Chapter 7 bankruptcy, a Trustee is assigned to your case to liquidate non-exempt property, while you keep property that is exempt or is of inconsequential value. Most Chapter 7 cases are no asset cases in which debts are discharged without loss of assets.
According to federal bankruptcy laws, you can receive a discharge of most debt not secured by property you intend to keep. Such unsecured debts include credit card debt, medical bills, and many types of business debt. "Secured" debt can also be eliminated, but the collateral-the house, property, or car-may be reclaimed by creditors or sold by the Trustee.
Some types of debt cannot be discharged in bankruptcy. These include student loans, trust fund taxes, recent income taxes, and child or spousal support. It is important to contact our Salt Lake City consumer bankruptcy attorneys to design a debt relief plan suited to your particular situation.
With nearly 30 years of bankruptcy law experience, our attorneys have developed many strategies to make filing for bankruptcy more efficient, including supplying you with a client password. This password enables you to access our current client page, where you can contact us, retain us, open a file, submit confidential case information, view your file, update your case information, check dates and times, and submit any specific questions you may have. Contact us for a free first appointment.
* Please understand that we DO NOT become your lawyers just because you accessed our web site, or emailed us, or even attended a first free appointment with us. We do not become your lawyers until you sign a written contract with us that spells out the legal services we will provide and the estimated fees and costs you will pay.
WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE BANKRUPTCY CODE.
