Cleveland, OH Chapter 7 Bankruptcy

Blomgren & Bobka offers the highest quality of Chapter 7 bankruptcy law expertise in the Cleveland, OH area. Chapter 7 Bankruptcy is the most common type of consumer bankruptcy, usually preferred by those who are eligible because it can offer a complete discharge of many debts. Chapter 7 may provide the "fresh start" you need if tough economic times have saddled you with too much credit card debt, you are facing wage garnishment, or you have other debt-related problems.

Who can file a Chapter 7?

• Most people are very confused about what Bankruptcy involves and have misconceptions about Bankruptcy Law, including many myths.  Both individuals and businesses may find themselves in a situation where their debts are overwhelming their ability to pay.  In such cases, filing for bankruptcy protection provides two basic forms of relief: 1) liquidation and 2) reorganization.  Most bankruptcies filed in the United States involve liquidation, which is governed by Chapter 7 of the Bankruptcy Code.  The goal of a Chapter 7 is to give debtors a fresh start in life.

Chapter 7 Bankruptcy Relief Can Include:

• Stopping creditor harassment
• Ending or preventing garnishments of your wages or bank account
• Preventing future lawsuits and judgments against you
• Elimination of credit card balances and other unsecured debts

Discharge Under Chapter 7
To receive a discharge in a bankruptcy basically means a debtor eliminates most, if not all, past debts. Some types of debt - such as back child support and student loans, for example - cannot be discharged. It really depends on the type of bankruptcy proceedings a debtor files, who the debtor is and what type of debts the debtor has. Some Chapter 7 cases involve a trustee collecting certain "non-exempt" assets in order to pay creditors. In most cases, however, people considering Chapter 7 bankruptcy have few or no assets beyond those that are exempt from this requirement.

Contact Blomgren & Bobka at 216-622-1234 to learn more about Cleveland, OH bankruptcy law options. Call for a Free Consultation. 

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