Helping People Navigate Chapter 7 Bankruptcy

Often, good people find themselves in tough financial straits. Perhaps a medical issue has spiraled out of control, forcing you to be behind on your bills. Finding yourself in such a situation can be difficult and disheartening. For some, Chapter 7 bankruptcy may help.

Filing bankruptcy allows you to discharge debt and begin with a fresh start. The attorneys at Miller Flannery Law LLC can help you determine if you qualify for Chapter 7 relief and how to proceed from there.

What Happens?

Not everyone will meet income requirements to qualify for Chapter 7. Some nonqualifying reasons include a determination that your income is too high, that you're able to repay some of the debt or that you've previously had a bankruptcy case dismissed.

Not everyone will meet income requirements to qualify for Chapter 7. Another consideration is that the impact to your credit score will last longer than other forms of debt relief.

However, if you qualify, the majority of your debt may be eliminated. Common dischargeable debts include:

  • Credit card debts
  • Medical bills
  • Utility bills
  • Personal loans.

Student loans typically cannot be discharged, but strategically discharging other debts can make student loan payments more affordable.

Will I Lose All My Property?

You will most likely lose any property that is not exempt. However, some items that are considered necessary to your everyday life are exempt during the process. In addition, any property purchased after bankruptcy is yours to keep.

Is It The Right Choice For Me?

That really depends. Our lawyers would need to review the facts of your case. Upon doing so, we can answer all your questions as they relate to the process, your property, wage garnishment and other common issues.

Contact Us For Answers To Your Bankruptcy Questions

With an office in Lawrenceburg, Miller Flannery Law LLC serves clients throughout southeast Indiana. For a free initial consultation about your bankruptcy questions and your legal options, call us at 812-496-3666. You can also fill out our online contact form.