Chapter 7 Bankruptcy is the type of bankruptcy that most people think of when they discuss bankruptcy. A person who files chapter 7 bankruptcy is able to eliminate his/her debts except for debts that cannot be eliminated. The person who files bankruptcy gets to choose whether to keep his/her house and car. Bankruptcy is a “no fault” situation so it does not matter why the person is filing bankruptcy or why these debts were incurred.
Our Practices:
- CHAPTER 7 BANKRUPTCY
Chapter 7 Bankruptcy is the type of bankruptcy that most people think of when they discuss bankruptcy. A person who files chapter 7 bankruptcy is able to eliminate his/her debts except for debts that cannot be eliminated. - CHAPTER 13 BANKRUPTCY
A chapter 13 bankruptcy case takes 3 to 5 years. The client makes monthly payments to the chapter 13 trustee while the case is pending. Upon completion of the chapter 13 plan, the client will receive a discharge of his/her debts. - FORECLOSURES
If you are unable to make your mortgage payments, then you may be in danger of foreclosure. Don’t wait a minute longer to obtain legal counsel from John Steinkamp & Associates. We can provide debt relief options and guide you through the process. - BENEFITS OF BANKRUPTCY
The right to file bankruptcy is authorized under federal law. Filing bankruptcy imposes an automatic stay that immediately stops creditor collection activity.