Affordable Columbus Ohio Chapter 7 Bankruptcy Attorneys

WHAT IS CHAPTER 7 BANKRUPTCY AND HOW DOES IT WORK?

Chapter 7 Bankruptcy is part of Federal Bankruptcy Law that deals with “discharging” obligations associated with repaying debts. A person who files under Chapter 7 Bankruptcy is a debtor.The Filing of a Chapter 7 allows you to keep the majority of your personal property . In order to receive a discharge, the debtor must obey the orders and rules of the Court.

The Calig Law Firm staff includes affordable Columbus Ohio Chapter 7 Bankruptcy Attorneys who offer free Chapter 7 Bankruptcy consultations. Call now to set an appointment in our Columbus Office.

614-252-2300

Completing a Chapter 7 bankruptcy releases a debtor from all of his/her dischargeable debts and orders creditors to stop collection efforts. A debt that is discharged is one that the debtor is no longer obligated to repay. Some debts, however, are not dischargeable under Chapter 7 bankruptcy and some people are not eligible for Chapter 7 bankruptcy discharge. It takes approximately five (5) months after the filing of the case for the discharge to be final and approximately six (6) months after filing of the case for the case to be closed entirely. However. a debtor is protected from collection activity immediately upon the filing of their case with the court.

WHAT DEBTS ARE NOT DISCHARGEABLE UNDER CHAPTER 7?

Debts that are not dischargeable include: Some taxes, some student loans, child support, alimony, debts obtained under false pretenses, debts not listed on the schedules, criminal debts, and personal injury or death caused by driving under the influence. CAN THE CREDITORS COLLECT FROM ME AFTER FILING BANKRUPTCY… Creditors must cease all collection activity upon the filing of your bankruptcy case, even if a judgment has been filed against you.

HOW DOES FILING A CHAPTER 7 BANKRUPTCY AFFECT MY CREDIT RATING?

The Chapter 7 Bankruptcy will stay on your credit report up to ten (10) years. During that time, it may be difficult to obtain credit. Certain financial institutions offer secured credit card accounts. This may be an excellent way to re-establish your credit. Reaffirmation also may help to re-establish a payment history. HOW LONG AFTER FILING DO I RECEIVE MY COURT NOTICE TO APPEAR AT THE HEARING? You receive your hearing notice approximately two (2) weeks after the filing and the hearing date is usually set approximately four (4) weeks after the filing date.

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