The Law Office of Hector M. Roman, P.C. is an experienced Chapter 7 Bankruptcy firm and we can help you keep your assets and eliminate your debt.
In most cases, Chapter 7 bankruptcy can quickly eliminate your unsecured debt. Chapter 7 is designed to give a debtor overwhelmed by debt, a fresh start by “discharging” or completely eliminating their debt. In most Chapter 7 cases, the debtor has substantial credit card debt, medical bills, and other unsecured debt, and have very few assets. In the vast majority of cases, a Chapter 7 bankruptcy is able to completely eliminate all of these debts.
Once your case is filed, your creditors are “automatically stayed” from starting or continuing any collection action against you, meaning all harassing phone calls and correspondence you probably receive on a daily basis must stop immediately to afford you breathing space from your creditors.
Most people who file for Chapter 7 bankruptcy have the following kind of debt:
Debt owed on a car note from a repossessed vehicle
If you qualify to file for Chapter 7 bankruptcy, all of these unsecured debts can be completely wiped out in just a few months.
The following debts cannot be discharged in a Chapter 7 bankruptcy:
Debts owed under a divorce or separation agreement
Chapter 7 bankruptcy is a good fit for people who:
Are struggling to make ends meet;
Have mostly unsecured debt related to credit cards, medical bills, or personal loans; and
Have few valuable possessions not protected by state or federal exemption laws.
Chapter 7 may not be for you if:
You do not qualify because your income is too high, and after taking certain allowable deductions, you have enough disposable income to repay your debt; or
You have valuable assets that are not protected under New York or Federal exemption laws; or
You have received a discharge in Chapter 7 in the past 8 years, or received a discharge in Chapter 13 in the past 6 years.
The Law Office of Hector M. Roman, P.C. has successfully represented hundreds of clients through the Chapter 7 bankruptcy process, emerging on the other side with a fresh financial start.
Please call us today for a free consultation and to see if you qualify for Chapter 7, and if Chapter 7 is a good fit for you.