FAQ: Chapter 7 Bankruptcy

At US Legal Group, APC, our team of experienced legal advocates are here to assist clients who are struggling with debt or facing foreclosure. We understand that unforeseen circumstances can leave you stuck in a financial hole. That is why we are committed to providing comprehensive legal services that can help you deal with the stress of creditor harassment, collection agency actions, and other legal threats you may be dealing with. Have you been considering filing for Chapter 7 bankruptcy to get out debt? If so, keep reading to find answers to common questions our attorneys are asked about the Chapter 7 bankruptcy process.

Question #1: Who can file for Chapter 7 bankruptcy?

A: Anyone can choose to file a Chapter 7 bankruptcy. The only exception is if you have been involved in another bankruptcy case that was dismissed within the last 180 days on certain grounds.

Question #2: Where do I file for Chapter 7 bankruptcy?

A: If you want to file for Chapter 7 bankruptcy, you must file your case with the clerk of the Bankruptcy Court in the district where you live.

Question #3: Can I file for Chapter 7 jointly with my spouse, or do I have to file separately?

A: You can choose to file jointly or separately. However, some couples choose to file separately if one spouse is liable for certain types of non-dischargeable debt. If you do choose to file jointly, there is only one filing fee you will have to pay.

Question #4: When is the best time to file Chapter 7 bankruptcy?

A: The answer to this question depends on the details of your particular situation. For example, it is not a good idea to file if you expect to incur substantial debt in the near future. You also don’t want to file if you are due an income tax refund or another source of income that isn’t exempt. Our lawyers can discuss your situation with you and determine when the right time to file is.

Question #5: Does filing for Chapter 7 affect pending lawsuits?

A: If you decide to file for Chapter 7, it will automatically stay most types of lawsuits that have been filed against you. After you file, the court will notify all of your creditors to cease any further action against you.

Are you ready to get started filing for bankruptcy? Then contact our legal team at US Legal Group, APC so we can determine the best legal strategy for your financial situation. Don’t hesitate, get in touch with us today. Call (714) 266-3277 to get started eliminating your debt problems.

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