If you're ready to get a fresh start, Goodman Law Offices can help. Andy Goodman, located in Thousand Oaks, CA provides debtor representation for clients throughout the Central District of California. He can assist you with the process of filing for Chapter 7 bankruptcy. He will review your financial records, determine if you're eligible and represent you, from your first consultation until your case is closed.
Andy Goodman will walk you step-by-step through the bankruptcy process so that you can make an informed and educated decision if Chapter 7 is right for you or your business. Call 818-802-5044 now to get debtor representation from a skilled attorney.
Chapter 7 bankruptcy is a good option for those who have few assets. Many of our clients consider filing for Chapter 7 bankruptcy because it...
- Is possible to discharge most debts
- Will stop creditors from harassing you
- Will stop lawsuits and pending litigation
- Will allow you to keep and protect most, if not all, of your assets
- Will stop the stress, anxiety and sleepless nights
- Will give you the fresh start you need and deserve
- Doesn't require a lengthy court process
- Won't affect your future income
If you have questions about Chapter 7 bankruptcy, talk to attorney Goodman today.
A Chapter 7 bankruptcy is a liquidating bankruptcy in which a independent Bankruptcy Trustee gathers and sells the debtor's non-exempt assets and uses the proceeds to pay creditors.
Filing a petition under Chapter 7 triggers a mandatory "automatic stay" halting collection actions against the debtor and the debtor's property. 11 U.S.C. § 362(a). As long as the stay is in effect, creditors generally may not initiate or continue lawsuits, wage garnishments, foreclosure or even make telephone calls demanding payment or seeking to collect the debt from the debtor or debtor's property. Mortgage loans secured by a lien against property cannot be foreclosed without an order of the bankruptcy court granting relief from the automatic stay and granting authority to proceed with levy and sale of the property.
At the end of the proceedings, a debtor is generally granted an Order of Discharge of his or her debts. The Discharge means that the debtor no longer has "personal" liability for the debts listed in the bankruptcy case. This is designed to give a debtor a "fresh start" and a creditor can no longer initiate or continue any legal or other action against the debtor to collect a discharged debt. 11 U.S.C. § 727.