Benefits of Chapter 7
Although some perceptions of Chapter 7 bankruptcy are negative, this type of bankruptcy is actually very helpful for those who need an immediate, yet reliable solution to their debt problems. Far from a form of bankruptcy that leaves debtors without anything, there are several important properties that bankruptcy courts generally protect, making Chapter 7 a viable choice for those truly unable to recover from financial downturns.
To learn more about how bankruptcy can help you, contact Birmingham Chapter 7 bankruptcy attorney Paula Greenway by calling (205) 324-4000 today. Let solid legal advice assist you in making your important financial decisions.
How Can Chapter 7 Help?
Admittedly, bankruptcy is a rough time for anyone put in the position of completely restructuring their finances. The pressures brought on by creditors and social stresses placed on people burdened by heavy debt can be more than enough to handle. However, with Chapter 7 bankruptcy, a debtor can benefit from the following features:
High eligibility and case acceptance rates
Complete debt settlement
Creditor harassment protection
Generally decreased creditor complaints
Comparatively, Chapter 7 is the simplest, most straightforward version of bankruptcy allowed under the US Bankruptcy Code. It can give individuals the reassurance that comes with having a clear and straightforward plan to resolve their financial problems.
If you are considering bankruptcy as an option to rescue your finances from a seemingly impossible weight of debt, knowing what to expect is a great way to start planning for the future. As the bankruptcy process can become confusing for those unfamiliar with bankruptcy law, an attorney can be an invaluable aid. Contact the Birmingham Chapter 7 bankruptcy lawyers at Greenway Bankruptcy Law, LLC today at (205) 324-4000 to discuss your case today.