Hernando Chapter 7 Bankruptcy Attorney

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' law office in Mississippi, call 866-471-9681 or contact our Hernando Chapter 7 bankruptcy lawyer 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

Some of the other benefits of Chapter 7 bankruptcy include the ability to stop wage garnishments and repossession of personal items like your car. You can also end creditor harassment and eliminate any credit card debt. However, you must qualify for Chapter 7 by taking a bankruptcy means test. This is based on various factors, mainly your income.

If you have many assets and/or a high income, you may be better off filing for Chapter 13 bankruptcy debt reorganization. In Chapter 13, you keep assets you need. In exchange, you make monthly payments in a repayment plan for three to five years to pay a portion of your debt.

Contact Our Horn Lark Debt Relief Attorney

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 our office online.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.