Are you drowning in debt? Make sure you start your bankruptcy claim before it’s too late! Call our South Jersey attorney to get started today.
Chapter 7 Bankruptcy Timeline
Another common question we often get in our South Jersey office is, “How long does it take to file a Chapter 7 Bankruptcy?” In an emergency situation, the documents can be filed within one to two hours. Under normal circumstances, the documents will be filed within one to two weeks. A month after that, you will have your hearing and, within about four months, your debts will be discharged. If you have any questions about this process, please contact our office.
Cost of a Chapter 7 Bankruptcy
Probably the number one question we get in our office is, “How much is this Chapter 7 bankruptcy going to cost me?” A good baseline price is about $1,500. Although, depending on the complexity of your case, that number could go up or down. It’s also important to remember that here, in our office, we do not charge if a spouse is included in that Chapter 7 bankruptcy. If you have any questions about our pricing or how we can help you in your situation, please contact our office.
Keeping Credit Cards After Filing a Chapter 7 Bankruptcy
Many of our South Jersey clients that call our office want to know, “Am I able to keep my credit cards in a Chapter 7 bankruptcy?” In a word, no, you cannot keep your credit cards. However, about six to nine months after your Chapter 7 bankruptcy is discharged in South Jersey, you will begin to receive credit card offers in the mail. At that time, it is a good idea to utilize that credit so you can begin to reestablish your credit.
Assets Protected by a Chapter 7 Bankruptcy
When exploring the option of bankruptcy, a big concern for a lot of our clients is, “What assets can I protect?” Two of the biggest assets that do impact people’s lives are your home and your car. Those assets can be protected in a Chapter 7 or Chapter 13 bankruptcy, if it is processed correctly. If you have any questions about this, please call our office.
Are you or a loved one constantly being called by creditors and have questions about Chapter 7 bankruptcy? Start your bankruptcy claim before it’s too late! Contact experienced South Jersey Chapter 7 bankruptcy lawyer Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.
We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.
Watch Us on YouTube