Pennsylvania Lawyers Helping Clients Eliminate Debt in Chapter 7 Bankruptcy
The Bankruptcy attorneys at Brant & Associates, P.C. help clients overcome the financial burdens of medical bills, credit card debt, payday loans and other overwhelming debt. We provide clients with the debt relief strategies necessary to stop creditor harassment, stop wage garnishment and obtain a fresh financial start.
Freedom from burdensome debt — Discuss your situation with an experienced Canonsburg Chapter 7 Bankruptcy lawyer at Brant & Associates, P.C. by calling 724-749-5215 or toll free at 888-341-9783.
Obtain a Fresh Start Through Chapter 7 Bankruptcy
One of the advantages of Chapter 7 Bankruptcy is that all eligible debt is completely eliminated in a Chapter 7 debt discharge. Child support arrears, student loans, most IRS debt and certain other types of debt cannot be discharged in a Chapter 7 Bankruptcy. Debt that can be eliminated typically includes:
- Unpaid medical bills
- Credit card debt
- Payday loans
- Unsecured personal loans
- Utility bills
- Some forms of other unsecured debt
In a Chapter 7 Bankruptcy proceeding, certain assets may be liquidated by a Bankruptcy trustee in order to repay some of those debts. However, in carefully designating exempt property (property that is exempt from asset liquidation) under either the set of Pennsylvania property exemptions or federal exemptions, many individuals are capable of keeping most, if not all their property.
The Means Test — Do You Qualify for Chapter 7 Bankruptcy?
Prior to filing for Chapter 7 Bankruptcy protection, it is necessary to undergo the "means test" to determine Chapter 7 Bankruptcy eligibility.
The means test compares the average household income of the debtor (looking to the prior six-month's earnings) to the median household income of individuals in the same geographic region with the same household size. Generally, debtors whose income falls below the median income will qualify for Chapter 7 Bankruptcy, given other eligibility requirements are met. Household income above the median will trigger a more detailed analysis of necessary expenses and disposable income to determine if the debtor could possibly succeed in a Chapter 13 Bankruptcy instead.
Our Bankruptcy lawyers thoroughly analyze your financial situation in order to help you identify if you qualify for Chapter 7 Bankruptcy. If you qualify for both forms of Bankruptcy protection, we explain the advantages and disadvantages of both options so that you can make an informed decision about the right strategy for you.
Chapter 7 Bankruptcy Forms
In order to make the most of your initial consultation, please view our Bankruptcy Questionnaire and bring it with you to your initial appointment. Additional Bankruptcy documents:
Contact a Washington, Pennsylvania, Debt Liquidation Lawyer
If your debt problems have gotten out of hand, you may benefit from a Chapter 7 Bankruptcy filing. Contact Brant & Associates, P.C. to talk with an attorney about your options. We are located south of downtown Pittsburgh in the Southpointe complex in Canonsburg, Pennsylvania. Call 724-749-5215 or toll free at 888-341-9783 to arrange an initial consultation.
