Chapter 7 Bankruptcy
At Notinger Law, we have more than 25 years of experience representing individuals and businesses with Chapter 7 bankruptcy cases in New Hampshire, Massachusetts, and other areas. Our firm is experienced with the bankruptcy court systems in both states as our attorneys have practiced in these courts for many years. When it comes to Chapter 7, it is recommended that individuals have a good understanding of this bankruptcy option before filing. You want to make the right decision when it comes to your financial needs, be it filing for Chapter 7 or finding an alternative option. At Notinger Law, we will work with you to find the best solution based on your individual case.
Chapter 7 is the most common form of bankruptcy filed in both New Hampshire and Massachusetts. Unlike Chapter 11, with this option, the debtor will generally keep their assets and discharge debts. Basically, the court order will release the debtor from all dischargeable debts and order the creditors to not attempt to collect debt from the individual. There are some debts that cannot be discharged, such as certain tax debt and student loans. If you want to keep a home or vehicle after filing Chapter 7 bankruptcy, you will need to continue to make regular monthly payments to the secured creditors. If you own a struggling business in NH or MA then Chapter 11 law can provide the ability to start over with finances without losing your business.
Is Chapter 7 the Right Option for you?
Chapter 7 is a good option for any individual who has personal debt that is unable to be managed. The process of filing to resolution can take from four to five months to complete. Once your case has been filed, the court will notify creditors that you have to stop any further collection against you. If a creditor violates the court order can face damages to the debtor. Our attorneys are happy to look over your individual case, reviewing your finances to see if you qualify for Chapter 7 and if it will be of benefit to you.
By working with an experienced attorney, you will be able to decide if Chapter 7 will work for you and get started with the filing process. You may already feel overwhelmed by the debt you face, with collectors calling at all hours of the day. By speaking with one of our experienced bankruptcy attorneys, you can feel more secure in your decision to file Chapter 7 or find other alternatives for your financial needs.
Benefits of Hiring a Chapter 7 Attorney
Representation for bankruptcy usually begin well in advance of a Chapter 7 bankruptcy filing. At Notinger Law, we are here to help you in any way we can. We are with you during every stage of the bankruptcy process, ensuring you understand what you are getting in to and know what needs to take place to start over on the path to financial success.
Contact our team today to explain your case and let our attorneys help you decide if Chapter 7 bankruptcy is right for you. Speaking with an attorney can help you gain more confidence and an understanding of the bankruptcy process, putting your mind at ease when it comes to filing.
Questions? Call Us! 603-417-2158.