Personal Bankruptcy Attorney

Contact Bankruptcy Attorney Robert P. Soto of Billmaier & Cuneo, LLC, today by calling 419.931.0067 (Ohio) or 734.568.0136 (Michigan).

A Chapter 7 Bankruptcy, also called “liquidation” or "straight” bankruptcy, is a form of a personal bankruptcy where the goal is for the debtor to obtain a “fresh financial start” through the discharge of many, if not all, of their outstanding debts.

In a Chapter 7 Bankruptcy, a trustee will be appointed by the court to liquidate (sell) a debtor’s assets, which do not fall under the bankruptcy exemption guidelines, and distribute the net proceeds of the sale of non-exempt assets to your creditors. However, in many cases, most, if not all of a debtor’s assets are protected by state or federal exemptions, and may not be subject to the liquidation process. In other words, many debtors will not lose any of their personal possessions due to filing for bankruptcy.

While many types of debts can be discharged through bankruptcy, there are many types of detbs that cannot be discharged in a Chapter 7 bankruptcy which may include, but not limited to:

• Alimony spousal support;
  
  
• Child support;
  
  
• Fraudulent debts;
  
  
• Certain taxes;
  
  
• Student loans;
  
  
• And certain items which have been charged.
  
  

In many situations, you may be able to keep specific secured debts such as your car, furniture, or home, as long as you reaffirm your commitment to continue paying these debts.

Once you have filed for chapter 7 bankruptcy, any pending lawsuits against you by creditors will be halted immediately. In addition, filing bankruptcy will stop the harassing and threatening phone calls from creditors and collection agencies. After you have filed for bankruptcy, creditors and collection agencies can no longer attempt to contact you. If they do, they may face potential fines and/or penalties themselves.

Robert P. Soto and the attorneys of Billmaier & Cuneo, LLC are committed to offering individual analyses, early assessment, efficient service and quality representation in a timely manner regarding your Bankruptcy issues.

Contact Robert P. Soto, an experienced Bankruptcy Attorney the law offices of Billmaier & Cuneo, LLC. Call 419.931.0067 (Ohio) or 734.568.0136 (Michigan).