Chapter 7
  1. Home
  2.  » 
  3. Bankruptcy
  4.  » Chapter 7

Achieving Debt Relief Through Chapter 7 Bankruptcy

If you find yourself overwhelmed by debt, you are not alone. The good news is debt relief may be available through Chapter 7 bankruptcy protection. Although many people feel reluctant to file for bankruptcy it may be the best option for helping you get on the path to a brighter financial future. Once your outstanding debts have been cleared away, you can begin rebuilding your credit and get back on your feet. Having an experienced lawyer on your side who can help guide you through this process and who can answer your questions is essential to ensuring that your filing is carried out properly with minimal fuss.

At Affordable Law, PC, our attorney has been helping financially struggling individuals throughout New Mexico for more than 20 years. We are prepared to put our experience and knowledge to work for you during this difficult time.

Is Chapter 7 The Right Option For Me?

There are certain eligibility requirements that must be met in order to file for Chapter 7 bankruptcy protection. If you have filed for bankruptcy within the past eight years or if you exceed the income limit you will not be eligible for Chapter 7. However, you may still be able to secure financial relief by filing for Chapter 13 bankruptcy. Our attorney can help determine which option is best suited to your situation.

Putting A Stop To Collections

When you file for bankruptcy, the court will issue an “order for relief,” also referred to as an automatic stay. This will put an immediate halt to all collections actions, including wage garnishment and, at least temporarily, foreclosure proceedings. A creditor may ask that an automatic stay be lifted in order to collect any secured debt, such as mortgage payments or car payments. However, most unsecured debt such as credit card bills or medical expenses will be discharged once you have successfully completed the bankruptcy process.

Contact Us For A Free Consultation To Discuss Your Situation

Bankruptcy protection is a constitutional right and for many people is the best option for helping them get their debt under control. To discuss your options, schedule a free initial consultation by calling our law office in Albuquerque at 505-633-8723. You may also contact us online and we will respond to your message promptly.

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