Chapter 7 Bankruptcy Lawyer in Fort Wayne

Retain a Bankruptcy Attorney for Professional Advice

Whether you have fallen behind on your mortgage or credit card debt has become overwhelming, it may be time to explore debt relief options. Bankruptcy may be a solution for you and your family that can give you a chance to start over financially. Chapter 7 bankruptcy is one of the most common forms of bankruptcy used to liquidate non-exempt assets and get rid of many kinds of debts. Speak with a Fort Wayne Chapter 7 bankruptcy attorney to review your situation and determine the best course of action.

Discharging Debt through Chapter 7

Liquidation bankruptcy, or Chapter 7, works by taking your non-exempt property and using it to discharge your debts. These types of property include excess vehicles, real estate, or expensive items such as fine art. You will need to take a means test to determine if you qualify for this chapter of bankruptcy.

If you do qualify for Chapter 7, you may be able to discharge the following types of debt:

• Medical bills
• Certain loans
• Credit card debt

Benefits of Chapter 7 Bankruptcy

The information you find on the internet can be extremely confusing, especially when you are already stressed about your finances. Fortunately, there is help available. Our firm is here to guide you and help you understand your options as well as the benefits of filing for bankruptcy.

A few of these benefits include:

• Not having to pay back your creditors
• Stopping the harassment of creditors
• Discharging your unsecured debt

The process of filing for bankruptcy is different for each person. Our Fort Wayne Chapter 7 bankruptcy attorney at The Law Office of Jon J. Olinger, LLC can help you understand what to expect.