Chapter 7 Bankruptcy

Most people know that new bankruptcy law changes went into effect on October 17, 2005. Many people believe that they can no longer file for Chapter 7 Bankruptcy. This is simply not true.

Marrs & Terry, PLLC is committed to helping people resolve their financial problems through Chapter 7 bankruptcy and move forward with their lives. We recognize that most people who file for bankruptcy do so as a result of a divorce, large unexpected medical bills, or a recent change in the law that allows credit card companies to seek higher minimum monthly payments. We provide clients a non-judgmental environment to workout their financial problems.

Experienced Chapter 7 Bankruptcy Lawyers

Chapter 7 bankruptcy, often referred to as liquidation bankruptcy, personal bankruptcy, or consumer bankruptcy, allows individuals and families to discharge all their unsecured debts and begin with a clean financial slate. Unsecured debt includes bills such as credit card debt and medical bills. Student loans are also considered unsecured debt but are not typically discharged in a bankruptcy filing.

While the new bankruptcy laws prevent some people from filing for Chapter 7 bankruptcy, they can still file for Chapter 13 bankruptcy. Generally, the new law still allows anyone at or below the median income of the county they live in to file for Chapter 7 bankruptcy, unless they have unusual circumstances such as significant assets. Regardless of your situation, Our Chapter 7 bankruptcy attorneys have the knowledge, skills, and resources to help get people back on firm financial ground.

Contact our office to set up a free initial consultation with one of our bankruptcy attorneys

If you need experienced and sympathetic legal representation, contact us at Marrs & Terry, PLLC. We can be reached by phone at 1-866-247-8713 and e-mail.