Get a FRESH START today! The underlining policy behind Bankruptcy law is to award the debtor a fresh start in life by excusing the majority of his or her financial obligations and allowing the debtor to start over debt free.
A Chapter 7 Bankruptcy is considered a “Liquidation” Bankruptcy. The vast majority of Bankruptcy filings fall under this chapter. The general idea in a Chapter 7 Bankruptcy is that most of the debtor’s financial obligations are completely “wiped away” excusing the debtor of any future liability (you don’t have to pay it back). Debt that can be “wiped out”in a Chapter 7 Bankruptcy includes; Credit Card Debt, Medical Bills, Judgments, Personal Loans, Auto Repossessions, Home Foreclosures, Business Loans, Pay Day Loans as well as other types of secured and unsecured debts.
Often times people who go through a divorce get left with several debts or other financial obligations that they cannot afford. For this reason, Larsen Law practices divorce law as well as bankruptcy law. We help several of our divorce clients file for bankruptcy to clear out debts they were left with after their divorce that they cannot pay for. We also help non-divorce clients file for bankruptcy as well.
“I was really nervous about filing a bankruptcy,I didn’t know what to expect or how the whole thing would work. Fortunately for me, I was lucky enough to find attorney John S. Larsen, he was great! Thanks to John, my bankruptcy was a piece of cake, he took care of everything!” -J.O.