Delaware Chapter 7 Bankruptcy Attorneys

Two Decades of Experience Serving Clients on the Eastern Shore of Maryland

In 2019, roughly 750,000 US citizens filed for bankruptcy, according to the American Bankruptcy Institute. While bankruptcy seems taboo, it’s quite often the best gateway to a fresh, debt-free start.

Also known as liquidation bankruptcy, Chapter 7 bankruptcy is the most effective and common means to discharge your unsecured debt. Many people choose to file Chapter 7 bankruptcy when they are in serious credit card, medical, auto, business and/or personal debt, and can typically complete the process in six months. However, it’s not a simple or straightforward process by any means, and it’s essential to have an attorney help you complete each step successfully.

Our proven Chapter 7 bankruptcy lawyers can stand by your side every step of the way to help you gain the peace of mind you deserve. Schedule a consultation at (302) 663-7975 to begin the process today!

Understanding Chapter 7 Bankruptcy

The primary goals of bankruptcy are to relieve you of most debts and repay your creditors according to what your financial means and obligations are. Filing for Chapter 7 bankruptcy essentially means you cannot pay off your debts and require a discharge, so you are no longer liable for repaying your debts.

To get started, you must file a petition with the bankruptcy court and file statements including the following information:

• Assets
• Income
• Liabilities
• Tax returns
• The names and addresses of all creditors and how much you owe them
• Credit counseling certificate (if applicable)

Once you file this petition, creditors will be notified of the stay on your debt collection, meaning they are prohibited from harassing you to make payments and collecting your property. They also can’t sue you, make wage garnishments and call you as long as the stay is in effect.

Further, you will meet with your creditors and case trustee, where they will review your applications and ask any questions regarding your documents and the debt you want to discharge. This is an opportunity for creditors to agree or disagree with the debts you want to discharge, so things may get messy. It’s best to have an attorney by your side to provide the legal counsel you need to navigate this stage, and all stages, of the process.

From there, the court will either grant or deny you a Chapter 7 discharge. If you get granted this opportunity, your personal liability for most of your debt will be wiped away so you can be free of worry.

File for Chapter 7 Bankruptcy with the Help of Whitehead Law

The chances of individual debtors receiving a Chapter 7 discharge are high. In fact, over 90% of applicants come out on top; the key to success is having a proven, experienced lawyer provide effective representation and legal counsel. As such, your decision to retain Whitehead Law will be one of the most significant factors in getting the debt relief you’ve been longing for.

Don’t hesitate to call (302) 663-7975 to learn how we can help you file for Chapter 7 bankruptcy!