Chapter 7 Bankruptcy
Skilled Attorney in Myrtle Beach
Are your bills overwhelming? Are you worried that you may never be able
to pay back what you owe? There may be hope in filing a Chapter 7 bankruptcy
with help from a Myrtle Beach bankruptcy attorney. According to bankruptcy
law, Chapter 7 bankruptcy allows the debtor to have the court “discharge”
or cancel most of his or her unsecured debts. A Chapter 7 bankruptcy typically
goes into effect very quickly, which means that you will not have to wait
years for a fresh start.
A chapter 7 bankruptcy may be the right option for you if you:
Owe an extensive amount of credit card and/or medical debt - A Chapter 7 Bankruptcy or a Straight Bankruptcy allows the debtor(s)
to “discharge” or eliminate most unsecured debt such as credit
card debt, medical bills, or any personal loans that have not been secured
Do not own much property - You are allowed to keep some of your assets in a Chapter 7 Bankruptcy
while others are sold by the interim trustee to repay some of your creditors.
You can keep assets as long as the equity or value in the asset meets
the allowable exemptions in your home state. Your Attorney at the Lam
Law Firm can assist you in protecting your valuable assets through a Chapter
7 by using the proper allowable exemptions in your petition.
You meet the means test - To qualify for a straight Chapter 7 Bankruptcy, you have to meet the
South Carolina Census Median Income test for the number of people in your
household. Note that your income is your average gross income (before
taxes) for the last six calendar months prior to filing your Bankruptcy
petition, excluding any benefits under the Social Security Act. Attorney
Lam can assist you with this test to determine if you qualify.
Contact the firm today to schedule a
free consultation with an attorney.
Contact Lam Law Firm
At Lam Law Firm, you are more than just a number. If you need help, call
us. We’ve helped thousands of clients successfully resolve their
legal problems. Call us for your free initial consultation today.
Call Lam Law Firm in Myrtle Beach at (843) 695-7700
to speak with an attorney today.