Gastonia Chapter 7 Bankruptcy Attorney

For those who qualify, one of the biggest benefits of filing Chapter 7 bankruptcy is that it is designed to eliminate personal debt through a process that takes as little as a few short months. By contrast, a Chapter 13 bankruptcy, establishes a modified payment plan that stretches out over 36 to 60 months.

Rather than restructure debt and create new payment plans, Chapter 7 bankruptcy wipes out credit card debt, medical bills, personal loans and any unsecured debt. It is the most direct route to eliminate debt and getting a fresh financial start, and beginning to rebuild for the future.

The experienced bankruptcy attorneys at the Law Offices of Geoffrey A. Planer in Gastonia, North Carolina, will guide you through the bankruptcy process, including preparing and filing your bankruptcy petition, schedules and statement of financial affairs.

Chapter 7 bankruptcy typically allows you to keep your assets while eliminating:

  • Credit card debt
  • Medical bills
  • Lawsuits and civil judgments
  • Personal loans
  • Some taxes
  • Deficiency debts on foreclosures and repossessed vehicles
  • Even some student loan debts

While certain debts are typically not dischargeable in Chapter 7 such as some student loans, alimony and child support, criminal fines and restitution, and some taxes, a Chapter 7 case may help you eliminate all other debts thereby allowing you to focus your available resources on these non-dischargeable obligations.

We Help You Navigate The Bankruptcy Process

Changes to federal bankruptcy laws in 2005 made it more difficult for consumers to meet the eligibility requirements for Chapter 7 bankruptcy. Interested parties must qualify using a mathematical means test: Your income and expenses will be examined to see how they compare to the median income and expenses for a family of your size in your state. If you earn more than the median income, your options include filing Chapter 13.

We will lead you through the means test. If you qualify, we will help you determine your exemptions, which dictate what assets you are entitled to keep if you file Chapter 7.

It's understandable why individuals who are struggling with insurmountable debt are tempted to file bankruptcy without professional legal assistance, but that generally is viewed as being penny-wise and pound-foolish.

About one-fourth of all bankruptcies filed without an attorney are dismissed. When this occurs, you risk losing your chance at restarting your financial life, and a bankruptcy filing will still show up on your credit report.

Our free consultation makes it easy for you to learn whether bankruptcy is the best solution for your financial woes. Call 704-864-0235 or use our contact form to provide more details and schedule a meeting.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.