Chapter 7 Bankruptcy

When people are faced with overwhelming amounts of debt and have no realistic options for relief, the entire economy is damaged as a result, in addition to the stress and damage that is caused to individuals and their families. While the banking industry has been given billions of dollars of bailout money by the federal government, there has not been any such bailout given to individual debtors and the banks who received that bailout money often increased people’s credit and interest rates.

Fortunately, Chapter 7 and Chapter 13 bankruptcy are options for individuals who are in debt due to credit cards, medical bills and other forms of unsecured debt and need effective relief. Bankruptcy can help you take care of your family and create a fresh financial future. At Alzate Varley APC we can make the process of bankruptcy as easy and stress free as possible.

If you are considering bankruptcy, talk with one of our attorneys to learn more about getting the relief you need. We can help you understand the truth about bankruptcy protection, the mistakes that people can make when filing for bankruptcy and what considerations need to be made when you are going through the process.

Chapter 7 Bankruptcy

There are three issues that need to be addressed in every bankruptcy:

  • Can we eliminate the debt?
  • Can we protect the assets?
  • Does the client qualify for Chapter 7?

If the answer to all three is yes, then it is usually the smartest choice to pursue a Chapter 7. In the majority of cases we evaluate – probably 60 percent or more – a person does qualify, can get rid of debt and can protect his or her assets. The best case scenario involves the elimination of credit card debt, medical debt and
unsecured debt, while being able to keep every possession. If a person makes too much money or has too many assets, Chapter 7 bankruptcy may not be an option, at which point we will look at other options.


Call us now and you can have peace of mind by the end of the call