Eliminate Debt With Chapter 7 Bankruptcy

If you are struggling with unsecured debt such as credit card or medical bills, Chapter 7 bankruptcy may be the best option for you. Chapter 7 offers total discharge of many types of debt and stops wage garnishment, repossession, bank account levies and other creditor tactics.

If you are looking for an experienced bankruptcy attorney to help you with the Chapter 7 process, Cameron Law Firm LLC is here for you.

I have more than 20 years of experience handling bankruptcies for clients in Slidell and throughout Louisiana.

Chapter 7 Basics

Chapter 7 bankruptcy is often known as "debt liquidation" because it eliminates unsecured debt. At the end of the process, the debtor receives a discharge that relieves him or her of the obligation to pay dischargeable debts.

In a Chapter 7, a bankruptcy trustee is appointed to seize certain assets to pay off creditors. Many assets, however, are protected by bankruptcy exemptions. A large percentage of Chapter 7s are "no-asset cases" in which debtors do not have any assets liquidated. In other words, the debtor receives a discharge from the debts and is still able to keep his or her home, car, household furnishings and retirement plans intact.

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, an individual's income must meet a certain threshold to qualify for Chapter 7. If reliable income exceeds that threshold, which is determined using a "means test," Chapter 13 bankruptcy might be a better option.

Contact A Bankruptcy Lawyer Today

I am here to assist you in resolving debt and creditor matters and can guide you through the Chapter 7 bankruptcy process. To learn more or to schedule your initial consultation, please contact my law office online or by telephone at 985-847-1054.