Salinas Chapter 7 Bankruptcy Attorney 

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy, also called “straight” or “liquidation” bankruptcy, is named “Chapter 7” because the law is contained in Chapter 7 of the federal Bankruptcy Code.  It is referred to as “straight” because the goal is to get rid of all unsecured debts (credit card, medical, etc.). It is referred to as “liquidation” because the trustee who is assigned your case can sell your non-exempt property to pay your creditors.  However, one of the important roles of a bankruptcy attorney is to apply the proper laws to exempt much, if not all, of your property so the trustee does not need sell it.  Many people do not file bankruptcy because they are worried they will have to give up their cars, their homes, and other property. In most cases, this will not happen if the bankruptcy petition is completed properly.  So before assuming that all your property will be sold and if you are facing any of the issues listed above you should take advantage of the free consultation the Law of Jeremy F. Peck offers to discuss your bankruptcy options.

Chapter 7 bankruptcy helps individuals get a fresh start by allowing them to get rid of debts such as:

  • Credit Card
  • Medical
  • Lawsuit judgments (such as deficiency judgments for a repossessed auto and other types)
  • Unsecured personal loans
  • Some taxes

When you file Chapter 7, all harassing phone calls and  letters from your creditors stop.

Meet with Jeremy F. Peck to see if you are eligible to file bankruptcy and to make sure your property is protected.

Call Salinas Chapter 7 Bankruptcy Attorney Jeremy F. Peck for a free consultation at 831-224-3199.