New Orleans Chapter 7 Bankruptcy Lawyers

Being in serious debt with no end in sight is distressing and can leave you feeling as if there is no way out. Fortunately, bankruptcy law allows debtors to clear outstanding debts and relieve themselves of a huge financial burden. Our New Orleans Chapter 7 bankruptcy lawyers can help you review your options and will guide you through the process of successfully filing for bankruptcy.

Filing for bankruptcy may seem like a complex and overwhelming process. At the Law Office of David D. Kervin, Jr., we understand this feeling, and we are prepared to answer any questions that you may have. If you decide that Chapter 7 is the right choice for your circumstances, we will work closely with you to help protect your rights. To discuss the bankruptcy options that are available to you, contact the New Orleans Chapter 7 bankruptcy lawyers of the Law Office of David D. Kervin, Jr., LLC today at 504-599-5906.

How Chapter 7 Bankruptcy Works

Chapter 7 is found at 11 U.S.C. Sec. 701 and is titled “Chapter 7- Liquidation.” This is a federal law but it applies Louisiana exemptions. Section 701 and the following code sections define which persons are eligible to file for chapter 7 relief, what debts are dischargeable and which assets you can keep.

When filing for Chapter 7 bankruptcy, the debtor agrees to liquidate some of his or her property to resolve debts owed to creditors if those assets are non-exempt. It is important to speak to a lawyer to help you determine which assets are exempt or not exempt. As for debts that you can walk away from, most unsecured debts can be discharged by filing for Chapter 7.

Your essential assets, such as your primary home, tools of your trade, and retirement accounts are often protected from liquidation under Chapter 7 through the use of exemptions and secured loans that reduce or eliminate equity in the asset. If you are considering bankruptcy, it is important to obtain more information on:

Once the bankruptcy procedure is complete, you will be absolved of your debts to creditors and will be on your way to a more secure financial future.

How We Can Help

Our experienced Chapter 7 bankruptcy attorneys can guide you through all aspects of the filing process, including:

Checking that you qualify for Chapter 7 bankruptcy under the means test
Ensuring that all necessary documentation is properly filled out and submitted
Meeting deadlines during the filing process
Distinguishing dischargeable debts from non-dischargeable debts
Advising you on liquidating your personal property or small business

If you qualify, Chapter 7 is an ideal way to clear your name of outstanding balances so that you can secure a fresh start free from the stranglehold of excessive debt.

Contact Us

The New Orleans Chapter 7 bankruptcy attorneys of the Law Office of David D. Kervin, Jr., LLC understand that financial crises can strike without warning and are capable of deeply affecting your personal and professional life. Our bankruptcy attorneys are committed to helping you make it through this difficult financial period. To learn more about qualifying and filing for Chapter 7 bankruptcy, contact us today at 504-599-5906.