Often referred to as a "straight bankruptcy," a Chapter 7 filing represents a dramatic step toward a fresh start. Debts are discharged, often providing a clean slate. Though Chapter 7 is known as a liquidation of assets, most necessary assets such as your home, vehicle and household goods are exempt from liquidation.
In fact, the large majority of people who file Chapter 7 do not lose any assets at all. Although some people do not mind some assets being liquidated, keep in mind that there are plenty of options available that will keep you from losing what's important to you. Don't let the fear of losing assets keep you away, as we will make sure to protect what you don't want to lose.
Let our attorneys help you get a fresh start as we have for many South Carolina residents at the Reed Law Firm, P.A.
The bankruptcy laws may have changed, making a Chapter 7 bankruptcy more challenging. However, it remains a viable option for most people. Call our Columbia-based firm at 803-807-2565 or our Florence law office at 843-536-0073 today.
Hope for a Debt-Free Future
At the Reed Law Firm, P.A., we give you hope for a future free of debt and ongoing creditor harassment. You are likely feeling hesitant about seeking Chapter 7 bankruptcy protection. You fear the possible loss of all possessions. While no one will back up a truck to your house and clear out everything, difficult decisions must be made if you want to keep your house and car by reaffirming those loans.
Legal Advocacy With Dignity, Not Judgment
In the midst of financial stress over credit cards and medical bills, you may find it hard to imagine a debt-free life. You fear that the stress relief will be replaced by judgment from your friends, family and even the attorney who represents you. Understanding that our clients are going through enough problems, we treat them with respect and dignity.
When all seems hopeless, we can help.
For more information or to schedule an appointment with an experienced lawyer regarding a Chapter 7 bankruptcy filing, please contact us.