Chapter 7 Bankruptcy Near Wabasha County, MN
Chapter 7 Bankruptcy Can Help You Discharge Debt and Get Back On Track Financially
If you are falling far behind on your bills and have a lot of unsecured debt, Chapter 7 bankruptcy may be a solution to stop creditors from pursuing collection actions and start fresh without debt. Chapter 7 bankruptcy is also known as “straight” or “liquidation” bankruptcy. It involves a court-appointed trustee collecting and liquidating the debtor’s non-exempt assets in order to pay off their creditors. There are some assets that may be exempt from liquidation depending on the circumstances- home equity, modest vehicles, work-related tools and equipment, and basic necessities like household appliances are often exempt. An experienced bankruptcy lawyer at Svoboda Law Office can assist you in filing Chapter 7 and represent you throughout this complicated and sometimes exhausting process. We advise and represent clients in the Wabasha County, MN area.
Get Professional Assistance Filing Chapter 7
When filing for Chapter 7 bankruptcy, you must be prepared to present the following information to the court:
- A list of your creditors as well as the amount and nature of their claims
- Detailed information about your income including the source(s) and frequency of pay
- A list of all of your assets
- A list of your monthly living expenses
Attorney Joyce will help you gather and organize this information and handle the paperwork involved with filing.
Consult With a Chapter 7 Bankruptcy Lawyer in Wabasha County, MN and the Surrounding Areas
To be eligible for Chapter 7, you will need to meet a maximum income requirement. Contact us for a free 30-minute consultation to discuss your situation and find out what options are available to you.