Chapter 7

The thought of filing for chapter 7 bankruptcy can be frightening and nerve racking. Your entire life you’ve been taught that bankruptcy=bad. Well, that’s not really the case. There are many reasons why you should file for Chapter 7 bankruptcy, but only do it if you really need to. 
When you file for bankruptcy, you are granted an “automatic stay.” An automatic stay is an injunction that halts actions by creditors to collect debts form a debtor who has declared bankruptcy. This includes wage garnishments, repossession, utility disconnections and collection notices. Despite the automatic stay, you may receive harassing phone calls from debtors trying to collect. As your representative, John W Cloar can manage those phone calls for you along with other collection actions including litigation.


Contrary to popular belief, Chapter 7 Bankruptcy is designed to be a relatively quick process, sometimes taking only 3-4 months to obtain a discharge of debt. It’s also designed to enable you to keep your home or other personal property to have a real chance at a fresh start. Additionally, after your discharge, your credit will begin to improve immediately.
Bankruptcy has gotten a bad rap over the years, when in reality, there are many benefits of filing for chapter 7 over drowning in debt. Bankruptcy may sound scary, but with the right lawyer on your side, it can really make a positive impact.