Filing Chapter 7 Bankruptcy

What You Need to Know

Bankruptcy

If you are currently dealing with the burden of a large amount of debt with little recourse for resolving your debt in a timely manner, you have likely considered filing for Chapter 7 bankruptcy. However, a bankruptcy filing can be a daunting and difficult process. Many documents must be prepared in order to ensure that your bankruptcy filing is handled properly.

Additionally, you want to be certain that you understand all the implications of filing a Chapter 7 bankruptcy. It is important to know exactly what types of debts can be relieved and what you might still be liable for.

Why Should I File For Bankruptcy?

Once you have successfully finished filing a Chapter 7 bankruptcy, you will be granted what is referred to as an automatic stay. This means that most of your debts, such as credit card payments, loans, or medical bills, will be relieved. However, in some cases, some of your assets may be liquidated in order to pay off some of these debts, so understanding what is exempt and what is not, is critical.

While a bankruptcy attorney can help you navigate the complicated legalities of a bankruptcy, you can avoid another expense you won’t have the money to pay for. Filing for bankruptcy without an attorney is possible, and does not have to be overly difficult, provided you know where to look for bankruptcy help. If you wish to file for bankruptcy in New York, New Jersey, California, Washington, or Florida, We The People can help.

We have been helping individuals interested in filing Chapter 7 bankruptcy paperwork for over 25 years. Our low cost, accurate legal document preparation service will save you time and stress, and is less expensive than using a lawyer. We The People stores are debt relief agencies. We help people file for relief under the Bankruptcy Code.

Visit our store locations to find a store near you for bankruptcy help and advice. Talk to a member of our team and we will assist you with completing your forms in a timely and efficient manner.

Filing for Bankruptcy Without an Attorney

An attorney is not required for a bankruptcy filing, although you should definitely have assistance from someone experienced with the bankruptcy process. You will be required to gather a large amount of information relative to your own financial situation, creditors owed, and a list of assets.

  • Once the paperwork has been properly filled out, you will need to file the forms with a federal court. There will be minimal filing fees involved (which may be waived if your income is below a certain level) , but your costs will be significantly less than if you retained the services of a lawyer.
  • At some point after the filing (typically about a month’s time), you will be required to attend a meeting, in which your claims to seek bankruptcy might be questioned by the bankruptcy trustee or creditors.
  • A few months later, you may receive your official notice of bankruptcy and creditors will be unable to make any further claims for debts to be paid.

If you are considering filing a Chapter 7 bankruptcy, or wish to learn more about the process, contact We the People today. Visit our store locations to find an office near you. Make an appointment today.

We The People is a debt relief agency.
We help people file for relief under the Bankruptcy Code.

Some services may not be available in all locations. 

Contact your local store for availability.

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