Arthur M. Richard III

Chapter 7 Bankruptcy

Depending upon your income, Chapter 7 is a form of debt relief by which you may eliminate most forms of unsecured debt such as credit cards, medical bills and personal loans. In most cases, you can keep your home, car and other personal belongings.

I may be able to use Chapter 7 to provide you with many of the following benefits:

Stop Creditor Harassment

If creditors are bothering you at work or home, harassing your family, friends and neighbors, call at all hours, you can put an end to it immediately simply by hiring me to represent you. Upon retaining my services, you provide creditors with my phone number so that they call me instead of you.

Eliminate Repossession Debt

After your vehicle is repossessed, they auction it off to reduce their loss, usually at a sales price much less than the retail value. You are still responsible for the balance on the car, called a "deficiency balance." Remove the risk of law suits & garnishments arising from the deficiency balance by filing a Chapter 7.

End License Suspensions and Law Suits

If your driver's license is suspended for an unpaid debt arising from an motor vehicle accident, you can get your license reinstated for only paying the reinstatement fees by filing a Chapter 7. I can also stop lawsuits related to those car accidents (non-alcohol related).

Stop Garnishments

A Chapter 7 is one of the most effective ways to immediately stop garnishments. Garnishments can take a portion of your hard-earned wages, making it nearly impossible for you to afford basic necessities. By filing a Chapter 7 and stopping the garnishment, you will be able to use your income for more important necessities for your family and possibly start saving for your family's future.

Cosigner Is Not Paying

If you cosigned for a friend or relative, and their failure to pay that debt has resulted in collection activity or a lawsuit against you, Chapter 7 can eliminate your liability for the cosigned debt.

Lower Your Car Payment

For qualified clients, I can reduce your car payment. A "Redemption Motion" can be filed with the court so that you may refinance your car for its "trade-in" value, usually much less than the contract balance. The lower monthly car payment will assist you in getting a "fresh start" and rebuild your credit.

Rebuild Your Credit

Chapter 7 is one way for you to begin re-establishing your credit by reducing your debt-to-income ratio. With little or no remaining debt, lenders may see that you will be better able to repay your debts in the future. Many people, who file Chapter 7, buy homes within 2 years, finance cars after discharge and may even receive solicitation for unsecured credit within months.

Call Arthur for help today.