League City Chapter 7 Bankruptcy Lawyers
It is difficult to cope with a daily routine that involves being on the receiving end of an unending cycle of collection calls and letters threatening this, that, and the other consequences for failure to immediately pay owed debts. They are disruptive, embarrassing, and stressful reminders of the struggling state of your financial affairs. The good news is, though, that you do not have to simply surrender to the crushing weight of an unmanageable debt. By filing for Chapter 7 bankruptcy protection, you can eliminate many of the debts that are dragging you under and put an end to harassment.
If you have had enough of dealing with unsympathetic and unrelenting collection departments and companies, contact the League City chapter 7 bankruptcy lawyers of Gipson & Norman at 800-291-0898.
How Chapter 7 Helps
Chapter 7 is often referred to as a “liquidation” or “straight bankruptcy” because the means by which it operates are fairly simple. The property that you own, which is not exempt, is subject to a bankruptcy sale administered by a Trustee. The money raised in the sale is then distributed to your creditors, and although they may only receive a portion of the outstanding amount, they accept the partial payment as satisfaction of the debt and are legally prohibited from further recovery efforts.
Some of the debts that are dischargeable (meaning they can be eliminated) by Chapter 7 bankruptcy are:
- Credit card debt
- Personal loans
- Medical bills
- Leases
- Business Debts
Contact Us
More people than ever are learning that the best way forward is to clear the financial wreckage from the past. If you are ready to say goodbye to the burden of these debts, contact the League City chapter 7 bankruptcy lawyers of Gipson & Norman at 800-291-0898.
