Chapter 7 bankruptcy is best suited for individuals who wish to discharge their unsecured debt and find themselves with no disposable monthly income at the end of the month to pay their creditors. This chapter of bankruptcy is most commonly referred to as the liquidation chapter of bankruptcy because it is the bankruptcy trustee’s duty to sell any unexempt assets to pay your creditors. Every state has statutory exemptions which protect a certain amount of real and or personal property in a bankruptcy. It is important that you fully disclose any present or future interests in real or personal property when consulting an attorney regarding bankruptcy so that we can best assess your situation and whether your property can be protected in a Chapter 7 bankruptcy proceeding.
The Law Offices of Thomas K. McKnight is dedicated to making the bankruptcy experience for our clients as smooth and easy as it can be. The process begins with a free bankruptcy phone screen, where one of our experienced attorneys will conduct an analysis of your household income and assets to determine whether you qualify for bankruptcy and which assets will be protected. Contact our office today so that our attorneys can determine if a Chapter 7 bankruptcy is your best option for a fresh financial start.
Our goal at Thomas Kerns McKnight is to provide and deliver exceptional service to our clients and to do so more efficiently and economically than our competitors. The law firm of Thomas Kerns McKnight prides itself on zealously and ethically representing hard-working people and helping them with their financial situations. By taking care of our clients, they will continue to do business with us and recommend us to others.