Chapter 7 Bankruptcy
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
NEED A FRESH START?
Attorney Christine Pisiecki is your trusted ally in Chapter 7 bankruptcy proceedings. She understands the challenges you're facing and is dedicated to providing comprehensive Chapter 7 bankruptcy services. Explore how we can assist you in achieving a debt-free future.
Discover the ins and outs of Chapter 7 bankruptcy and how it can offer you a chance for a financial reset. Some frequently asked questions are:
Eligibility Criteria and Filing Process
People who earn less than the median income in their state automatically qualify for Chapter 7 bankruptcy, as do those whose debts are primarily non-consumer. People with consumer debts who earn above the median income are subject to a means test to determine if they have disposable income to pay their debts.
Understanding the Automatic Stay
Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property. Bankruptcy Code Section 362 discusses the Automatic Stay.
The Role of the Chapter 7 Trustee
The chapter 7 trustee collects assets of the debtor that are not exempt under the Bankruptcy Code, liquidates the assets, and distributes the proceeds to creditors
What can you lose in Chapter 7?
A Chapter 7 bankruptcy wipes out mortgages, car loans, and other secured debts. But if you don't continue to pay as agreed, the lender will take back the home, car, or other collateralized property using the lender's lien rights.
Comprehensive Chapter 7 Bankruptcy Services Tailored to Your Needs
Attorney Christine Pisiecki provides comprehensive Chapter 7 bankruptcy services. She explores how she can assist you in achieving a debt-free future by providing:
- Personalized Case Evaluation
- Thorough Asset Analysis
- Guidance Through Credit Counseling
- Strategic Debt Discharge Planning
Ready to take the first step towards a debt-free future? Contact Attorney Christine Pisiecki for a free consultation. She’s here to listen, guide, and support you through the Chapter 7 bankruptcy process.
Schedule Your Free Consultation Now
Chapter 7 Bankruptcy
A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
NEED A FRESH START?
Attorney Christine Pisiecki is your trusted ally in Chapter 7 bankruptcy proceedings. She understands the challenges you're facing and is dedicated to providing comprehensive Chapter 7 bankruptcy services. Explore how we can assist you in achieving a debt-free future.
Discover the ins and outs of Chapter 7 bankruptcy and how it can offer you a chance for a financial reset. Some frequently asked questions are:
Eligibility Criteria and Filing Process
People who earn less than the median income in their state automatically qualify for Chapter 7 bankruptcy, as do those whose debts are primarily non-consumer. People with consumer debts who earn above the median income are subject to a means test to determine if they have disposable income to pay their debts.
Understanding the Automatic Stay
Automatic Stay -- Immediately after a bankruptcy case is filed, an injunction (called the "Automatic Stay") is generally imposed against certain creditors who want to start or continue taking action against a debtor or the debtor's property. Bankruptcy Code Section 362 discusses the Automatic Stay.
The Role of the Chapter 7 Trustee
The chapter 7 trustee collects assets of the debtor that are not exempt under the Bankruptcy Code, liquidates the assets, and distributes the proceeds to creditors
What can you lose in Chapter 7?
A Chapter 7 bankruptcy wipes out mortgages, car loans, and other secured debts. But if you don't continue to pay as agreed, the lender will take back the home, car, or other collateralized property using the lender's lien rights.
Comprehensive Chapter 7 Bankruptcy Services Tailored to Your Needs
Attorney Christine Pisiecki provides comprehensive Chapter 7 bankruptcy services. She explores how she can assist you in achieving a debt-free future by providing:
- Personalized Case Evaluation
- Thorough Asset Analysis
- Guidance Through Credit Counseling
- Strategic Debt Discharge Planning
Ready to take the first step towards a debt-free future? Contact Attorney Christine Pisiecki for a free consultation. She’s here to listen, guide, and support you through the Chapter 7 bankruptcy process.
Schedule Your Free Consultation Now
Christine R Piesiecki, Attorney At Law
9800 S Roberts Rd, Palos Hills, IL 60465
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