Filing for Chapter 7 Bankruptcy
While making the decision to file for bankruptcy can be a relief, taking on the process by yourself can be daunting, especially if you are unsure which process is best for your situation. One way to file is through Chapter 7 bankruptcy, which is a liquidation process in which a debtor’s non-exempt assets are sold by a trustee. The return is then distributed to creditors according to the debt priorities.
A Plano bankruptcy attorney with Gagnon, Peacock & Vereeke, P.C., can walk you through the eligibility and benefits of each bankruptcy process, including Chapter 7, so you know which proceeding best fits your circumstances.
Benefits of Filing for Chapter 7 Bankruptcy
The attorneys at Gagnon, Peacock & Vereeke, P.C., want to make filing for bankruptcy as easy for you as possible. With their help, making a Chapter 7 claim will allow you to:
- End harassing phone calls from creditors and collectors
- Keep exempt items, such as your house and car
- Clear your unsecured debts
- Better handle secured debts
- Start fresh
Additionally, many Chapter 7 bankruptcy cases conclude in as little as four to six months, as opposed to Chapter 13 cases which can last up to five years.
Contact a Chapter 7 Bankruptcy Attorney in Plano Today
Don’t let the fear of filing keep you in debt any longer. The Plano bankruptcy attorneys at Gagnon, Peacock & Vereeke, P.C., understand how difficult it is to struggle financially and may help you find the best option to alleviate your burden. If you or a loved one in the Plano area is considering making a bankruptcy claim, contact the offices of Gagnon, Peacock & Vereeke, P.C., today at (214) 317-4448 to discuss your legal options.