Compassionate Bankruptcy Representation For Over 20 Years

Navigating Chapter 7 Bankruptcy

Named after its location in the federal Bankruptcy Code, Chapter 7 is one of the most common types of consumer bankruptcy. It’s also typically the fastest and easiest way to get out from under significant unsecured debt.

At Borders & Gerace, LLC, we help people navigate all aspects of the Chapter 7 bankruptcy process. Our lawyers have extensive experience in this area, having handled thousands of bankruptcy cases. When you work with our firm, you’re getting the benefit of their vast experience and knowledge. You will also get one-on-one attention and the peace of mind that comes with knowing you’re in good hands.

What To Know About Chapter 7

Not everyone qualifies for Chapter 7 bankruptcy. Under what’s referred to as the “means test,” your income must not exceed a certain threshold. If you don’t qualify, Chapter 13 may be an option. Our attorneys can help you with this analysis.

If you do qualify for Chapter 7, you can expect to get rid of eligible debts within three to six months, generally speaking. It’s important to know that there are two types of debts for bankruptcy purposes:

  • Unsecured debts are those that aren’t attached to property – for example, medical bills, credit card debt and payday loans.
  • Secured debts are attached to a property. Examples include mortgages and vehicle loans.

Chapter 7 gets rid of eligible unsecured debts. Our lawyers can advise you on which debts are eligible, and how best to address secured debts like car loans.

Get Answers To Your Chapter 7 Bankruptcy Questions During A Free Consultation

Don’t stay stuck under the burden of tremendous debt. Learn more about whether Chapter 7 can benefit you. Reach out to our team by phone at 216-435-5668 or through our online contact form. We have multiple offices in Cleveland and Akron, affordable fees, and we can handle bankruptcy cases virtually, over the phone or via video.

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