Why File Chapter 7?

Chapter 7 bankruptcy is a type of personal bankruptcy that a person who is overwhelmed in debt can file to get a helping hand out of the mess they’ve found themselves in. It is one of the most commonly filed types of bankruptcy in U.S. courts. But, why do people seek debt relief help via chapter 7 bankruptcy ri? Some of the most common reasons to use Chapter 7 include:

·    Stop Creditor Calls: Once you file Chapter 7, creditors must cease calling you or otherwise reaching out to you. If you’re tired of the calls at all hours of the night, you can get relief once and for all! 

·    Fresh Start: Chapter 7 clears out all of the debts that you’ve incurred (except government-related debts) and allows you to get a fresh new start. Many people fail to realize how important their credit really is until it is too late. Now those people can get   a deserved second chance.

·    Stop Repossessions:  Many people file for bankruptcy protection to stop vehicle repossession and home foreclosure. This is certainly a good reason to file Chapter 7.

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·    Peace of Mind:  It is not easy to remain calm when you are overwhelmed in debt and don’t know where to turn. It doesn’t feel like anything is going to help you get out of the mess that you’ve created. Rather than continue life stressed to the max, why not talk to an attorney to learn how you can get help from Chapter 7?

Chapter 7 is one of the types of bankruptcy that an individual can use to help them get out of debt and get back on the right financial path. It is time to talk to an attorney to learn more about Chapter 7 and the many ways it can help you get back on your feet.