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Chapter 7
Bankruptcy
Attorney (lawyer)
Toledo
Chapter 7 Bankruptcy Attorney (lawyer), providing professional
Chapter 7 Bankruptcy
legal services in Toledo, Northwest Ohio
and Southeast Michigan.
 The
purpose of a Chapter 7 bankruptcy is to wipe out
your debts, allowing you to get a "Fresh Financial
Start".
In a Chapter 7 bankruptcy
a trustee will be appointed by the court to liquidate
(sell) all assets which do not fall under the
bankruptcy exemption guidelines. The net proceeds
collected in the liquidation of the non-exempt assets
are then distributed to your creditors.
Debts which cannot be
included for discharge in a Chapter 7 bankruptcy
may include, but not limited to:
As an
experienced chapter 7 bankruptcy attorney (lawyer),
Dennis P. Strong has assisted many Toledo,
Northeast Ohio, and Southwest Michigan area residents in
chapter 7 bankruptcy proceedings.
Typically an individual who
files for a Chapter 7 bankruptcy has a large
credit card debt which may include multiple credit
cards, various unsecured bills with may be associated
with various assets which the payment status may or may
not be delinquent.
In many Chapter 7
bankruptcy situations you may be able to keep
specific secured debts such as your car, furniture, or
home, as long as you reaffirm your commitment to
continue paying these debts. In order to keep these
items in a successful Chapter 7 bankruptcy you
must voluntary sign a "reaffirmation agreement", which
stipulates that you cannot file bankruptcy to discharge
the debt of these items for 6 years.
The purpose of the
"Reaffirmation Agreement" is to protect "reaffirmed"
debtors, as well as ensuring an individual does not try
to abuse the bankruptcy process.
As a
qualified Toledo bankruptcy
attorney (lawyer), Mr. Strong will advise you of how the
reaffirmation process works and how it may affect your
future. After this information is thoroughly explained,
decisions will have to be made regarding whether or not
it is in your best interest to reaffirm certain assets
which are allowed to be reaffirmed in a Chapter 7
bankruptcy.
There are many other issues
which you will have to discuss with your Toledo
chapter 7 bankruptcy lawyer (attorney) in order to
ensure a smooth Chapter 7 bankruptcy process.
Dennis
Strong Law
is well versed in the laws regarding bankruptcy law, and is ready to provide you with
important information relating to a possible chapter
7 bankruptcy legal claim.
Contact Dennis
Strong Law today to speak to an experienced Toledo Chapter 7
Bankruptcy Attorney (lawyer). Call
Toll Free:
1 (888)
887-9507
or fill out and submitting our
online submission form.
Knowing your
rights and legal options in
foreclosure matters is essential in resolving and
achieving your desired goals in your chapter 7
bankruptcy legal proceeding.
Contact
Dennis P. Strong today regarding your foreclosure
legal matters by calling
Toll Free:
1 (888)
887-9507 to schedule a confidential
consultation with an experienced Toledo
Chapter 7
Bankruptcy attorney
(lawyer).
Toledo
Chapter 7 Bankruptcy Attorney (lawyer), providing professional
Chapter 7 Bankruptcy
legal services in Toledo, Northwest Ohio
and Southeast Michigan.
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