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Chapter 7 Bankruptcy

by | Nov 21, 2019

As experienced Chapter 7 lawyers, we know the pressure caused by facing overwhelming debt. This pressure can destroy our mental and physical health, and family life. Even though you want to be an honorable person and pay your debts, you also owe a duty to your family and yourself. Don’t let a misguided sense of honor destroy your life.

How Can Chapter 7 Bankruptcy Help Me?

You should consider filing for a Chapter 7 bankruptcy if you feel that you will be unable to pay off all of your debts. A Chapter 7 bankruptcy filing will allow most, and possibly all, of your debts to be “discharged” or eliminated. Even though most of your debts will be wiped out, you typically will still be able to keep most or all of your assets. However, property used as collateral to secure a loan will probably still be subject to the lien from the lender. To learn more about removing liens, talk to one of our lien stripping experts.

No More Creditor Calls! “Automatic Stay”

The bankruptcy process usually takes about 4 to 6 months. During this time, none of your creditors are allowed to call you, and all other collection actions are “stayed” or put on hold. The stay goes into effect immediately after you file for Chapter 7 bankruptcy. When the bankruptcy is completed, most of your debts will be wiped out so you will not owe them any longer.

Stop Foreclosure

If your house is in foreclosure, the bankruptcy filing will stop the foreclosure process and may create some new options in the handling of your mortgage. During this time, a seasoned we can help you find the best solution to your foreclosure. Some options include a loan modification, deed in lieu or short sale, and even possibly eliminating junior liens. Each individual’s situation is unique, so each person should consult with a qualified bankruptcy attorney to conduct a thorough review of his finances to determine the best course of action regarding their home.

Contact an Experienced Chapter 7 Bankruptcy Lawyer

As experienced Chapter 7 lawyers, we know the pressure caused by facing overwhelming debt. This pressure can destroy your mental and physical health, and family life. Even though you want to be an honorable person and pay your debts, you also owe a duty to your family and yourself. Don’t let a misguided sense of honor destroy your life.

If you are facing overwhelming debt and thinking about bankruptcy, it is important to contact a skilled and experienced bankruptcy attorney. If you are facing overwhelming financial troubles, it is crucial that you contact an experienced bankruptcy attorney to help you eliminate this crushing debt. A qualified lawyer can help you evaluate your options and determine the best course of action.

Contact us today by calling (949) 450-8500 for your FREE consultation.

We can help.


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The financial challenge that I faced, followed by the bankruptcy option that I exercised, was for me a low point in my life. However, my decision to engage Paul Kurtzhall with the law firm of Hallstrom, Klein & Ward LLP was instrumental in getting my life back on the right track.

HALLSTROM KLEIN & WARD LLP
IRVINE, ORANGE COUNTY, CA
(949) 450-8500
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