At Valente Law Offices, we can provide our expertise and knowledge to best help you. As a member of the National Association of Consumer Bankruptcy Attorneys, our bankruptcy lawyer can prepare a bankruptcy petition on your behalf. We go over the form with our clients before they sign the document, then we electronically file it with the court. A hearing is also required, but due to Covid-19, hearings are currently done remotely.
From helping people file for bankruptcy relief under the Bankruptcy Code to working closely with debtors to help settle their debt, Valente Law Offices is here to provide top-quality legal assistance. If you no longer want to deal with the harassing phone calls from collection companies, give us a call today.
Chapter 7 Bankruptcy refers to a “liquidation proceeding.” The debtor turns over all non-exempt property to the bankruptcy trustee. It is then converted to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within a few months.
Bankruptcy filings are public records. However, under normal circumstances, no one will know you went bankrupt.
The Credit Bureaus will record your bankruptcy and it will remain on your credit record for 10 years.
Your wife or husband will not be affected by your bankruptcy if they are not responsible (did not sign an agreement or contract) for any of your debt.
Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card, they will cancel the credit card unless you pay off the debt. Even if you have a zero balance, the credit card company might cancel the card.