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Chapter 7 Bankruptcy Attorney in St. Joseph, MI

Thomas Betker

Is Bankruptcy Right for Me?

Economic hardships can fall on anyone at any time. Armstrong, Betker and Schaeffer, PLC is here to help get you back on your feet. If you are struggling to make payments or are being sued by your creditors, filing bankruptcy may be the right option for you. Contact our office today for more information on Chapter 7 bankruptcy.

Fresh Start Bankruptcy

Chapter 7 bankruptcy is the most common form of bankruptcy filed. To see if you qualify, you will be asked to take a means test, a budget analysis and an asset analysis. These tests verify how much money was made in the past six months, what your estimated income and expenses will be and how much property you own.

What Can Be Wiped Out?

Once you have been approved for bankruptcy, your Chapter 7 case will wipe out the majority of your unsecured debts. Credit cards, utility bills, medical bills and payday loans are common examples of the unsecured debts that are able to be discharged. While many bills can be settled in this bankruptcy, there are, however, some that cannot.

What Cannot Be Wiped Out?

In general, the debts that are not wiped out in a Chapter 7 bankruptcy are your secure loans. You will have to reaffirm that these loans, including mortgages, car loans, title loans and financed furniture or electronics, are unaffected by your Chapter 7 bankruptcy. To see if you can benefit from a Chapter 7 bankruptcy, contact our experienced debt lawyers today.

Free Consultation

Our goal at Armstrong, Betker and Schaeffer, PLC is to provide you with financial relief. That’s why we make sure that your bankruptcy-related costs are affordable. In addition, we provide our bankruptcy clients with a free initial consultation. Call or visit our office today for your chance at financial redemption.