When you are dealing with the weight of insurmountable debt, you may be considering filing for bankruptcy. Debts can get out of control quickly, especially with those debts that amass interest over time. It can feel like the total you owe on credit cards, mortgages, loans, and medical bills will never go down, no matter what you do. Consider filing for bankruptcy in Chapter 7. With the help of a trusted attorney, bankruptcy is a tool you can use to wipe out your debts and move on with your life. The bankruptcy attorneys at Rauser & Associates Legal Clinic in Toledo can help walk you through the steps of your Chapter 7 filing.
What is Chapter 7 Bankruptcy?
When you file for bankruptcy in Chapter 7, you will be liquidating your debts. This helps free you from unmanageable monetary obligations and start over with a clean slate. Your debts can be discharged in Chapter 7 in as little as 6 months.
Chapter 7 bankruptcy is a good choice for you if you have significant debt, few assets, and don’t have a steady income. Your debts will be liquidated, and you will have a clean slate on which to start rebuilding your credit. The bankruptcy attorneys at Rauser & Associates can help guide you through the process and advise you on next steps to rebuild your credit.
Automatic Stay in Chapter 7
The moment you file for bankruptcy in Chapter 7, an automatic stay will go into effect. This means that any legal action against you, such as collections calls or lawsuits, will be stopped immediately. The automatic stay legally prevents creditors from contacting you about your debts, and you will have the time you need with your attorney to settle your affairs.
Call a Toledo Chapter 7 Bankruptcy Lawyer Today
If you are suffering under the weight of unmanageable debts in Toledo, call Rauser & Associates Legal Clinic. Our attorneys are experienced in all areas of bankruptcy law to help you make the best decisions about your personal finances. We can help determine if Chapter 7 is right for you and walk you through the process of bankruptcy towards that clean slate. Call Rauser & Associate Legal Clinic in Toledo today for a consultation.
