Chapter 7 Bankruptcy for Individuals and Married Couples
A Chapter 7 Bankruptcy filed by an individual, or filed as a Joint Chapter 7 Bankruptcy by a married couple, refers to a procedure allowed under The United States Bankruptcy Code in which individuals and married couples discharge their legal obligation to pay certain debts.
Commonly discharged debts in this procedure include credit card debts, mortgage deficiencies, medical bills, dental bills, court-ordered creditor judgments, and other types of general, unmanageable debt. Even certain income tax obligations may be discharged in a Chapter 7 Bankruptcy case as filed by individuals and married couples.
An individual who files a Chapter 7 Personal Bankruptcy Petition is often referred to the “Petitioner,” and a married couple who file a Chapter 7 Joint Petition are often referred to as the “Petitioners.” The filing of a Chapter 7 case provides the Petitioner with immediate and automatic relief from drastic creditor activities such as mortgage foreclosure sales, wage-garnishments, court-ordered capias arrest warrants and tax seizures. In extreme instances even student loan obligations may be dischargeable.
A professionally prepared and well executed Chapter 7 case ultimately concludes with the Order Of Discharge signed by the United States Bankruptcy Court Judge and entered by the Clerk of The United States Bankruptcy Court. Upon the entering of the Order Of Discharge, the Chapter 7 Petitioner is discharged of his or her obligation to pay his or her dischargeable debts.
Chapter 7 Bankruptcy Attorney
It is important to engage the services of a qualified attorney with extensive experience in the field of United States Bankruptcy Law. A professionally prepared Chapter 7 Petition allows the Petitioner to completely discharge a multitude of old, stale debts and move forward with the proverbial “fresh start.” Attorney Foley’s vast experience and knowledge in the Chapter 7 arena will serve every individual and married couple in need of relief from burdensome debts that have a stranglehold on their family budgets.
Attorney Foley becomes a partner with every client in need of assistance in addressing their financial hardship. With Attorney Foley’s assistance the economic problems are identified, the correct strategy is implemented and the financial issues are resolved – finally and forever.