Credit Card Debt
Auto Loan Deficiency Balance
Taxes
(Some Taxes are Dischargeable)
Medical Debt
Mortgage Balance
After Foreclosure
Lease Debt
Business Debt
Most Other Debt
Typically, an individual who files for Chapter 7 bankruptcy has a large amount of unsecured debt, including multiple credit cards, various other unsecured loans, taxes, and medical bills. The payment status may or may not be delinquent. In many Chapter 7 bankruptcy situations, you may be able to keep specific secured debts such as your car, furniture, or home, as long as you reaffirm your commitment to continuing paying these debts. To keep these items in a successful Chapter 7 bankruptcy, you must voluntarily sign a "reaffirmation agreement," which stipulates that the creditor will have the same rights against you after the discharge if you default, which they had before the bankruptcy was filed. Essentially the debt survives the bankruptcy.
We are extremely detailed in our preparation regarding your Chapter 7 bankruptcy, provide a comprehensive approach in seeking a successful Chapter 7 bankruptcy, and guide you through this challenging process with the dignity and respect you deserve.
Pursuant to BAPCPA "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
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