Article provided by: O'Bryan Law Offices

Bankruptcy Chapter 7

Making the difficult decision in having to file for bankruptcy is most likely one of the biggest financial decisions you will ever have to consider. It is also a scary thought, as many people think that they will be denied all of their worldly goods, and this is not actually the truth. Bankruptcy is a legal way for a debtor to get out from under extreme debt and allows them to begin a new life with a fresh start. A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. If you are considering filing bankruptcy chapter 7, O’Bryan Law Offices can take care of all of the paperwork and legalities, ensuring that the process goes according to law.

At O’Bryan Law Offices, we are considered the number one rated debt relief firm that specializes in all forms of bankruptcy, such as bankruptcy chapter 7. With over twenty years in business, along with decades of combined experience, we understand the laws and the specifications that are needed in order to provide a successful resolution for your debts. Most people have no idea of the amount of legal forms and petitions that need to be completed before the process even begins, and if just one of these forms are incorrect, your entire petition will be denied, and you will be back where you started, except you will have wasted valuable time and money.

Among the main purposes of bankruptcy is actually discharging specific debts to provide an honest individual debtor with a fresh new start. The debtor doesn't have liability for discharged debts. In a chapter 7 case, a discharge is just accessible to lone debtors, not to corporations or partnerships. Though a private chapter 7 case generally ends in a discharge of debts, the right to a discharge isn't guaranteed, and in addition, several kinds of debts aren't forgiven. Additionally, a bankruptcy discharge does not quash a lien on property. Filing a petition under chapter 7 instantaneously stops the majority of collection actions against the debtor and even the debtor's property.

A discharge releases specific debtors from individual liability for many debts, as well as prevents the creditors owed those debts from taking any collection actions against the debtor. Since a chapter 7 discharge is actually governed by a lot of exceptions, debtors should always consult competent legal counsel before filing, in order to go over the comprehensiveness of the discharge. Conferring with one of our legal experts is the best way to successfully complete all of the necessary forms and paperwork, which can be the most confusing part of the entire process.

If you would like some additional information regarding the benefits of filing bankruptcy chapter 7, O’Bryan Law Offices would like to invite you to visit our website. At, you can schedule your no cost, no obligation consultation by simply leaving your contact information. You can also call us at 502.400.4020, and speak with one of our friendly and knowledgeable legal team members.


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2721 Taylorsville Rd, Louisville, KY 40205

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