If you are facing an unmanageable debt load, don't be afraid to ask for help. For people who have a large amount of unsecured debt, such as credit card debt or medical bills, Chapter 7 bankruptcy can provide the relief they need to regain control of their financial situation and move forward with their lives.
Many people are hesitant to file for Chapter 7 bankruptcy because they feel that it indicates some sort of failure on their part or that they have done something wrong. Nothing could be further from the truth. Hardworking people across the country are finding themselves in financial distress due to a variety of different causes, including job loss, divorce, unexpected illness or injury, and many others.
Debt Relief Through Bankruptcy Is Your Right Under the Law
At the law firm of Deputy & Mizell, L.L.C., our Lake of the Ozarks Chapter 7 bankruptcy lawyers have helped countless clients get the fresh start they needed. We will take the time to fully understand your financial situation and guide you through the steps to determine if you qualify for a Chapter 7 filing. We will be there with you at each step, from compiling the necessary documentation and filing the initial bankruptcy petition to obtaining the final discharge of your debts.
One of the most persistent misconceptions about Chapter 7 bankruptcy is that debtors lose everything they own because it is sold to repay creditors. While it is true that the law allows for the liquidation of certain assets, most debtors don't lose anything. Under the law, you are allowed to keep the property you need to live a normal, productive life. Some examples include your home, car, clothing, household furnishings, tools for your job and other assets.
During the Chapter 7 process, your trustee will look for items that can be sold at auction to raise money to repay your creditors. In a majority of cases, however, there is nothing that would raise enough money at auction. In these situations, the trustee declares the bankruptcy a "no-asset" case and the debtor does not lose any property at all.
Discuss Your Case With a Lebanon Debt Relief Lawyer
Contact our office to discuss your debt relief options with one of our attorneys in Miller County. We are available during regular business hours and by appointment evenings and weekends. You can reach us by phone at 417-532-2191, toll free at 877-532-2191 or via e-mail to schedule your free initial consultation with a lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.