Cc Brown Law Helps You To Regain Your Financial Freedom
Bankruptcy is an extraordinary way of getting out of paying your debts
, but there are serious consequences to picking out this route. It should only be considered when you have explored all other options and still cannot find any way of repaying the money you borrowed, either to a bank or with a revolving charge account. You will have to give up all your assetses, which includes your home and furnishings, any valuable jewelry or artwork, your vehicle and any boats or other leisure equipment. Most importantly you will left only with your clothing.CC Brown Law firm helps people obtain debt relief through Chapter 7 and Chapter 13 bankruptcy filings. Our firm helps people obtain debt relief through Chapter 7 and Chapter 13 bankruptcy filings.Chapter 7 bankruptcy allows you to eliminate your debt by obtaining a court order known as a discharge. Eligibility is determined by use of a formula known as a "means test." Our Competent and experienced Bankruptcy attorneys can help you to qualify for a Chapter 7 discharge. We will walk you through the process of obtaining complete debt relief and a financial fresh start.
Our Bankruptcy Professionals can determine your eligibility for Chapter 7. We will talk to you about the benefits as well as the disadvantages of declaring Chapter 7 as it relates to your specific situation. Our bankruptcy attorneys have helped thousands of people like you eliminate their debt and receive peace of mind. In order to qualify for a Chapter 7 bankruptcy discharge, you have to satisfy one of two tests. First, if your gross income doesn't exceed the median gross income for a family of your size, you qualify. Even if you are above median income, you may still qualify under the means test. Our bankruptcy attorneys are experienced in determining your qualification for this relief. If you do not qualify for Chapter 7, Chapter 13 becomes the next option.
Chapter 7 is also termed as "straight bankruptcy" or "liquidation." However, this does not mean that your assets are liquidated. Rather, most Chapter 7 filings are considered "no asset" cases. Our bankruptcy attorneys are skilled at maximizing your available exemptions, helping you keep your home, automobiles, furnishings, retirement accounts, electronics and even savings. In Chapter 7 bankruptcy, any unprotected or "nonexempt" assets are sold, and the proceeds go to pay off your creditors. At the end of the process, your debt is discharged.
Here at CC Brown Law firm, we offer free initial consultations in all our branch law offices. To schedule your confidential meeting, please call 801-265-8500. You can also chat with us Live, we will arrange evening and weekend appointments to accommodate your schedule.
For more details about http://www.ccbrownlaw.com/
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