Chapter 7 Bankruptcy: A Fresh Financial Start

Chapter 7 bankruptcy is what most people think of when they hear the term “bankruptcy.” This type of filing effectively wipes out most of your outstanding debt, putting an immediate end to harassment from creditors and other collections activities. This type of bankruptcy is not right for everyone, and certain qualifications must be met to be eligible for this type of protection. That is why it is important to seek help from a skilled lawyer who can help determine the best path forward for you.

At the Law Offices of Darin D. Pinto, P.C., our attorney helps people in Westfield and surrounding areas who are struggling with debt get on the path to a brighter financial future.

The Benefits Of The Automatic Stay

One of the most immediate and powerful impacts of filing for Chapter 7 is what is known as the automatic stay. When you make your filing, creditors can no longer harass you for your outstanding debts. The automatic stay will also put a stop to collections actions, such as wage garnishment, providing you with real relief as you work toward getting your financial situation under control.

Chapter 7 Eligibility

Not everyone is eligible for Chapter 7 protection. You will have to pass a “means test,” which looks at your income and assets. If you do not exceed these limitations, you cannot file for Chapter 7. However, a Chapter 13 bankruptcy filing may still be an option. You also cannot file for Chapter 7 if you have previously completed a Chapter 7 bankruptcy within the last eight years. Again, Chapter 13 may still be an option in these cases. We can let you know which form of bankruptcy is right for you.

To Learn More, Contact Us Today For A Free Consultation

If you are overwhelmed by debt, we are here to help. To schedule a free initial consultation and learn more about bankruptcy, call our office in Westfield, New Jersey, at 908-317-9405. You may also contact us online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.