Rhode Island Chapter 7 Bankruptcy Lawyers
If you are someone who is struggling with excessive amounts of unsecured debt, such as credit card debt or medical bills, Chapter 7 bankruptcy can be a good option for finding the debt relief you need. There are certain criteria that must be met in order for you to qualify for Chapter 7 bankruptcy. Be sure that you consult an experienced Rhode Island lawyer who can help you determine whether Chapter 7 is the right solution for your needs.
At Heitke Cook Associates LLC, we represent clients throughout the state in all areas of Chapter 7 bankruptcy. When you hire our firm, our Providence Chapter 7 bankruptcy attorneys will conduct a complete review of your financial situation, determine whether you are eligible for Chapter 7, advise you on the pros and cons associated with Chapter 7 and compare it with Chapter 13 or other options.
Understanding How Chapter 7 Works
Many people are hesitant to file for bankruptcy under Chapter 7 because they assume that they will lose everything they own in the process. This is a long-standing misconception about Chapter 7 bankruptcy. While it is true that trustees may liquidate assets in order to raise money to repay your creditors, certain property is exempt from seizure under the law. What this means for you is that property like your home, car, clothing and most household furnishings cannot be taken from you as part of the bankruptcy.
Once a Chapter 7 bankruptcy is complete, you receive a discharge of all the eligible debts included in your bankruptcy filing. Upon discharge, you no longer have any further personal obligation for the debts. They are considered satisfied in the eyes of the law. From the initial filing of your petition to the final discharge of your debts, the entire process takes approximately six months.
Speak To One Of Our Rhode Island Debt Relief Attorneys
Contact our office today to discuss your Chapter 7 bankruptcy questions with one of our Providence bankruptcy attorneys. They are available during regular business hours and by appointment at other times. You can reach us by phone at 401-443-9579 or via email. For your convenience, we accept most major credit cards.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.