Discharging Your Debt Through Chapter 7 Bankruptcy
If you are experiencing debt problems, you are far from alone. Bankruptcy may be brought on by divorce, medical bills, loss of a job or other unexpected expenses. Recently, many thousands of bankruptcies have been triggered by the economic recession. You don't have to live with a debt you can't pay off.
Attorney James W. Amos has years of experience helping individuals, families and small businesses file for Chapter 7 bankruptcy and start back on the road to financial stability. To schedule an initial consultation at Mr. Amos' office in Hernando, Mississippi, call 866-471-9681 or contact the firm online.
Information About Chapter 7 "Liquidation" Bankruptcy
Chapter 7 bankruptcy allows you to have your unsecured debts completely wiped away. Because many assets are "exempt" most individuals who file for Chapter 7 bankruptcy end up keeping many of their assets. Exempt assets can include:
- Up to $75,000 in home equity
- Your primary automobiles
- Most personal effects, including furniture and home appliances
If you have many assets and/or a high income, you may be better off filing for Chapter 13 bankruptcy. In Chapter 13, you keep assets you need. In exchange, you make a monthly payment for three to five years to pay a portion of your debt.
If you would like to discuss your rights and options regarding debt relief with an experienced lawyer, call James W. Amos today at 866-471-9681 or contact his offices online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
