When clients approach me for assistance with Chapter 7 bankruptcy, they have many questions. Can I keep my property? How will this affect my credit score? What will my life be like after filing for bankruptcy? Based on many years of experience, I understand their concerns and am dedicated to providing accurate answers and preparing them for what to expect before and after filing for Chapter 7 bankruptcy.
To arrange a free, no-obligation consultation directly with me, Jason Karavias, Esq., call 412-223-7924 or contact me online.
Before Filing for Chapter 7 Bankruptcy
Before filing for Chapter 7 bankruptcy, it is important to seek legal counsel from an experienced lawyer. Upon hiring me, Jason Karavias, Esq., I will conduct a thorough analysis of your finances and make a recommendation regarding your candidacy for Chapter 7. If we proceed with filing for Chapter 7 bankruptcy, you can expect the following:
- All credit collections activities, including wage garnishments, phone calls and letters, will stop.
- You will attend a court meeting with trustee.
- You will complete two financial counseling courses.
- All qualified unsecured debt will be wiped out within three months.
- You will likely be able to keep most of your personal property, including your home and vehicle, as these types of property are typically exempt during Chapter 7.
After Filing for Chapter 7 Bankruptcy
One of the main concerns people have regarding filing for bankruptcy is the impact it will have on their credit scores. While a Chapter 7 bankruptcy filing will impact your credit score, it will also get rid of the debt and late payments that have already been bringing your score down. And, it will allow you to start rebuilding good credit. Usually, people who file for Chapter 7 will be able to rebuild their credit scores and obtain lines of credit within one to two years.
Helping You Live Debt Free
Serving Allegheny County and Surrounding Areas
You may start receiving credit card offers soon after filing for Chapter 7 bankruptcy. I advise my clients to carefully consider their financial decisions after filing. My goal is to help you learn how to live debt free and prepare you for a long future of financial success. To discuss the Chapter 7 bankruptcy process, call my Pittsburgh, Pennsylvania, office at 412-223-7924 or contact me online to arrange a free consultation.
My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.
