Chapter 7 Bankruptcy Attorneys

If you have medical bills,  credit card debt,  payday loans, garnishments, repossessions or foreclosures, your financial problems may seem insurmountable. You may be wondering how you can come back from your current financial situation. Our bankruptcy attorneys can guide you through the process of filing for Chapter 7 bankruptcy and help you get a fresh financial start.

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Filing for bankruptcy isn’t easy. At Reynolds and Gold Law, our attorneys can help you protect your assets and advise you on the best course of action. During your initial consultation, which is free of charge, our bankruptcy attorneys will help you analyze all of your options, so you can determine if filing for Chapter 7 bankruptcy is right for you. 

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Experienced Bankruptcy Attorneys

Reynolds and Gold Law is ready to help you. For over 30+ years, our bankruptcy attorneys have helped people with their debt and provided a fresh start.

6,000+
Bankruptcies Filed

60+
Combined Years of Experience

Client Testimonials

As an experienced law firm, Reynolds and Gold has had the privilege of helping thousands of clients navigate the complex world of bankruptcy. Here’s what they have to say.

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HOW DOES CHAPTER 7 BANKRUPTCY WORK?

Chapter 7 bankruptcy provides the opportunity to cancel most debts and start over with a clean slate. To file, you will describe your property, assets, income, and debts. Once you file for Chapter 7 bankruptcy, an automatic stay will stop creditors from collecting on your debts.

Filing for Chapter 7 bankruptcy may not be right for everyone. For example, child support and student loans cannot be discharged. If you make too much money you may not qualify for Chapter 7; for those who are behind on their home or auto loans, Chapter 13 bankruptcy may be a better option.

Fees & Cost to File

In order to file for Chapter 7 bankruptcy, you are required to pay a  court filing fee, and a fee for our services. As a part of your filing, you will also be required to take a credit counseling course online or by telephone. Fees are dependent on which coarse of action is taken.

Documentation Needed to File

In Chapter 7, you need to provide your attorney with the following documentation:

  • Valid photo identification & proof of your social security number
  • Tax returns for the last two years
  • Copies of your pay stubs for the last 6 months
  • If you own real estate, you will need proof of that property’s fair market value
  • If you own a car, you will need proof of its value, how much you owe, & the monthly payment amount.
  • Recent bank statements for all accounts, including retirement accounts
  • List of all the assets you own
  • List of all creditors you owe money to
  • Disclosure of auto, motorcycles and trailers owned
  • Debt management plan from an approved credit counseling service

Property Exemptions

Exemptions are an essential part of any Chapter 7 bankruptcy filing, as they determine whether or not you get to keep your house, car, or other property. Any property deemed “non-exempt” could be be sold by the Bankruptcy Trustee appointed to your case to repay money to your creditors. Our experienced bankruptcy attorneys can help you determine the best way to approach exemptions, whether Federal or State to protect your assets.

Credit Counseling

 Before you file for bankruptcy, you must complete a short credit counseling coarse. You must work with an agency to create a budget and debt management plan. After reviewing your repayment options, the agency may determine that filing for bankruptcy is your only solution. You can still file for bankruptcy even if the agency does not believe that bankruptcy is your only alternative.  After filing bankruptcy you must complete a second counseling coarse

Debt Relief

Whether you are an individual or a business, filing for Chapter 7 bankruptcy may allow you to cancel the following debts:

Read More About Bankruptcy Law

Do you have questions about bankruptcy? Our resources can help you find the answers you need to navigate your current financial situation.

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