Debt can get out of control quickly. Before you know it, you have huge credit card bills and loans, and no end is in sight. You can no longer meet your monthly obligations, so you are delinquent on your bills. Creditors are harassing you at all hours of the day, and your credit score is declining rapidly. The only solution to your financial problems is to file for Chapter 7 Bankruptcy.
Chapter 7 Bankruptcy offers you the opportunity to start over with your finances. The process allows you to completely eliminate your unsecured debt. The types of debt that can be absolved include credit cards, medical expenses and personal loans. Filing for Chapter 7 Bankruptcy can be a very complicated process, so it is important that you hire an experienced bankruptcy attorney to help you through the procedure.
More people file for Chapter 7 Bankruptcy than any other type of bankruptcy. Not everyone will qualify for this type of bankruptcy. You are required to pass a bankruptcy test. This test looks at your monthly income and compares it to the Louisiana median family income for a family of your size. You may not qualify for Chapter 7 Bankruptcy if your monthly income is more than the state’s median income. In addition, you are not permitted to file for bankruptcy if you had a bankruptcy discharged within 180 days because you violated a court order, were dishonest on a bankruptcy claim or took advantage of the bankruptcy system. According to the bankruptcy laws in the state of Louisiana, anyone who files for bankruptcy must attend credit counseling sessions. An attorney can help you know if you qualify for Chapter 7 Bankruptcy.
When you file for Chapter 7 Bankruptcy in Louisiana, your creditors are required to stop calling you. Because you do not want to lose your home, you need to continue making payments to your mortgage lender. With this type of bankruptcy, you will be allowed to keep some of your assets, so you will not lose everything.
The De Leo Law Firm, LLC in Mandeville, Louisiana has knowledgeable lawyers who understand the bankruptcy laws in the state of Louisiana. Going through bankruptcy can be an exhausting and emotional experience. Our law firm will do the work, so you can breathe easier knowing that brighter financial times are ahead. We will be compassionate to your situation, and we will work hard to resolve this matter as quickly as possible.
The De Leo Law Firm, LLC will protect your rights, and we will put a stop to the harassing calls from your creditors. We serve clients in Mandeville, Covington, Slidell, Hammond and surrounding areas in St. Tammany Parish, Louisiana. If you are considering Chapter 7 Bankruptcy, call us today at (985) 727-1664 or fill out the contact form on our website and let us help you put your life back together.