Don’t You Want a Fresh Start to a Better Financial Future?

Don’t You Want a Fresh Start to a Better Financial Future?

Get just that by hiring Nathan A. Berneman, APC in Thousand Oaks

When you’re under a pile of debt and constantly being harassed by creditors, you may feel like you have nowhere to turn. In such situations, filing for Chapter 7 bankruptcy is a viable option for obtaining the financial freedom you seek.

Chapter 7 bankruptcy is available to individuals. It does not automatically eliminate a lien. Learn what options you may have regarding secured liens. Corporations may also file for Chapter 7, but they do not receive a discharge of their debts such as individuals will receive.

Chapter 7 bankruptcy uses liquidated, non-exempt property to pay off your debts

This option pays off your debt using the money from your liquidated, non-exempt property. Although you will lose some of your assets, you won’t be required to make monthly payments over three to five years and you will stop:

• Lawsuits
• Garnishments
• Repossessions
• Foreclosures
• Creditors
• Tax problems
• Liens
• Medical bills


Get a Fresh start from unsecured debt by filing chapter 7 bankruptcy

One of the primary purposes of bankruptcy is discharging unsecured debts to give yourself a fresh start. A discharge is only available to individual debtors and not to partnerships or corporations. A bankruptcy discharge does not extinguish a lien on property automatically, unless you decide to surrender that item (i.e. – house, car, furniture, jewelry, etc.).

Under Chapter 7 bankruptcy , an individual is permitted to retain and keep all of their “exempt” property. Accordingly, potential clients who file for Chapter 7 should realize that the filing of a petition under bankruptcy may result in the loss of property. However, bankruptcy is a great way to stop lawsuits, garnishments, repossessions, foreclosures, harassing creditors, tax problems, liens, medical bills and more.

Each situation is different, and that's why it's important to review your case thoroughly with a bankruptcy attorney to make an informed decision about which kind of bankruptcy is right for you.

Trust Nathan A. Berneman's two decades of legal expertise to determine whether Chapter 7 Bankruptcy is right for you. Schedule your initial consultation with our superior Thousand Oaks bankruptcy lawyer today to get started on finding a solution to your debt.