Hickory Hills Chapter 7 Bankruptcy
Call: 800-598-5929
Individual Chapter 7 Individuals who have few assets, or very little equity in their assets, after subtracting State exemptions, generally use Chapter 7 Bankruptcy. Usually individuals who qualify for Chapter 7 may keep what they own; their house, their auto, their furniture and similar items, but are able to get out of most types of unsecured debt, which includes credit cards, medical bills, judgments, garnishments and some types of taxes. Filing a Chapter 7 generally stops all creditor harassment and completing a Chapter 7 usually puts an individual in a better position to obtain future credit than they were in before filing Chapter 7.
Business Chapter 7 is a useful tool for putting an end to a business that is no longer earning enough income to service its debtor otherwise meet the needs of the owners. A Business Chapter 7 can provide a framework within which the business owners can move on with their lives by cutting off creditors rights, reducing the likelihood of future litigation and stopping creditor harassment of business owners. Business Chapter 7 can be used in combination with other legal options open to business owners to put the financial and emotional distress of an unsuccessful business behind them. For more information on whether your business may be eligible, please call to make an appointment.