Chapter 7 Bankruptcy

Are you unable to keep up with your credit card debt? Have you grown tired of harassing phone calls from creditors? Do you have few assets and a limited income? Chapter 7 bankruptcy can provide you with a fresh financial start by eliminating a majority of your debt. Speaking with an experienced bankruptcy attorney can help you determine if Chapter 7 is the right option for you.

At Park & Nguyen, we help our clients develop an individualized plan for debt relief. With more than 30 years of combined experience, our attorneys offer sound advice about bankruptcy eligibility and debt reorganization options. To schedule a free telephone consultation at our offices in the Bronx or in Newark, contact us.

What Is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is one of four main chapters in the United States bankruptcy code. This process is for individuals with few to no assets and an income that is at or below the federal median income guideline. These individuals must also be able to pass the bankruptcy means test.

In Chapter 7 bankruptcy, the proceeds from asset liquidation, or a sale of the debtor's non-exempt property, are used to resolve their debts. Any remaining debt balance is typically forgiven and the person is usually able to keep a car, home and furnishings.

For answers to frequently asked questions, please visit our Chapter 7 Bankruptcy FAQ.

The Advantage of Hiring a Knowledgeable Lawyer

You may have seen advertisements for various document services willing to handle your Chapter 7 or Chapter 13 bankruptcy paperwork. While they may complete your documents accurately, they will not be by your side in bankruptcy court. They will also not be there to protect your best interests.

At Park & Nguyen, we offer support from day one through the completion of the process. We understand your fears and will provide you with solid advice, meticulous document preparation and dedicated courtroom representation.

Contact Our Attorneys for Help Getting a Fresh Financial Start

We offer reasonable rates and flexible payment plans to our Chapter 7 bankruptcy clients. Contact us to learn more about your debt liquidation options.

We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.