Chapter 7 Bankruptcy


The specter of debt can loom at the back of your mind for months, causing stress, tension and anxiety. Maybe you even hesitate to answer the phone, knowing that it’s likely to be a bill collector on the other end. But if you’ve tried to pay your debts and found that they are just too overwhelming, then it’s time to seriously consider filing for bankruptcy.
For a free initial consultation with The Cummings Law Firm, P.A., you can call our Charlotte Chapter 7 bankruptcy lawyer at (704) 376-2853 .
Attorney Sandra U. Cummings has handled bankruptcy cases exclusively for more than 30 years. She has handled thousands of cases along the way, helping many people obtain relief from credit card debt, medical debt and other types of debt.
Read about the steps to filing for bankruptcy.


You will be required to undergo a means test to determine if you are eligible for Chapter 7 bankruptcy. The means test will consider your income compared with the median income in your geographical area. If you do not qualify under the means test, Chapter 13 bankruptcy will become your next option. A skilled Charlotte Lawyer from our law firm can answer any questions you may have about this.


Chapter 7 bankruptcy is also called a “debt liquidation,” a “fresh start” or a “straight” bankruptcy. The name “liquidation” refers to the fact that filers must liquidate, or sell, all of their nonexempt assets. Exempt assets do not have to be sold, and they are generally things that the bankruptcy court considers necessary for the survival of the bankruptcy petitioner and his or her dependents. These are outlined by state statute and federal law. The property of most individuals we talk to is exempt and will not need to be sold by the trustee. From the instant you file for Chapter 7 bankruptcy, the judge issues an automatic stay. This is an immediate order to all of your creditors notifying them that you have filed for bankruptcy and that it is illegal for them to make any further attempts to collect on the debt you owe. If your creditors continue to harass you after the automatic stay is issued, you may be able to sue them under the Fair Debt Collection Practices Act (FDCPA).


Do you have questions about the means test to qualify for Chapter 7 bankruptcy or any other bankruptcy questions? For a free initial consultation regarding your bankruptcy, contact The Cummings Law Firm, P.A. today online, P.A. today online or over the phone at (704) 376-2853.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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