Are you drowning in debt? Here is what you should know about chapter 7 bankruptcy. Read this for guidance and call our attorney to get started.
1) 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.
2) 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.
3) Life After a Chapter 7 Bankruptcy
When speaking with potential clients, the question comes up, “What’s my life going to be like after I’ve filed for Chapter 7 bankruptcy in South Jersey?” The answer is life does get better. There’s credit after bankruptcy, and there is life after bankruptcy. During this time, after all your debts are discharged, you will find it’s easier to make your monthly payments, as you don’t have these outstanding debts. You’ll be able to pay your utilities on time, your rent or mortgage on time. You’ll be able to keep your car. Your monthly bills and your monthly budget will be easier to manage. When you have your finances in order, life, in general, is better. If you have any questions about how we can help you or how bankruptcy can help you, or which bankruptcy is right for you, please contact our office.
Are you or a loved one constantly being called by creditors and have questions about what you should know about Chapter 7 bankruptcy? 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.
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