Eliminate Unsecured Debt Under Chapter 7 Bankruptcy

Chapter 7 bankruptcy, often referred to as liquidation bankruptcy or straight bankruptcy, eliminates most unsecured debts. Unsecured debts include debts such as credit cards, medical bills and personal loans.

Most people believe that when they file for Chapter 7 bankruptcy, all of their possessions will be liquidated. The truth is that when you hire Ammerman & Goldberg "Bankruptcy" Law Office in Maryland, Virginia and Washington, D.C., we can help you protect your assets. Our objective in every bankruptcy case we handle is to ensure that our clients keep their home, car and personal belongings, while their personal debts are eliminated.

Stop Creditors' Harassing Phone Calls And Letters

Once we file a Chapter 7 bankruptcy petition with the Virginia, Maryland or Washington, D.C., bankruptcy courts, creditors must stop all collection actions against you, including harassing phone calls, letters, repossessions and foreclosure actions. All creditor calls can be referred to Ammerman & Goldberg "Bankruptcy" Law Office, and you can stop making payments to your unsecured creditors.

Eliminate Vehicle Repossessions Debt, End Wage Garnishments And Stop Collection Lawsuits

When you hire Ammerman & Goldberg "Bankruptcy" Law Office to handle your Chapter 7 bankruptcy, we can eliminate your liability and garnishments for any deficiency balance that remains on repossessed vehicles.

Once we file your Chapter 7 bankruptcy petition, wage garnishments will cease. Since wage garnishments often drive families further in debt, filing for Chapter 7 bankruptcy often gives people the opportunity to secure a stable financial future.

People who own a home and are being sued should contact our lawyers immediately. We can stop the lawsuit and prevent creditors from placing a lien on your home that could threaten the future of your family. We can also take appropriate action to end lawsuits related to automobile accidents and help you get your driver's license reinstated if it was revoked due to an accident that occurred while you were uninsured or due to unpaid parking tickets.

Keep Your Residential Property, Automobile And Other Personal Assets

Lenders have an interest in you keeping your property, even when you file for bankruptcy. Our attorneys can help you reaffirm loans with your creditors. When a loan is reaffirmed people continue to pay the principal and the same interest rate as they were paying before filing for Chapter 7 bankruptcy. The creditors have the security of knowing that a majority of the debtors' debts have been eliminated and they cannot file for bankruptcy for eight years. We can help reaffirm loans for cars, homes, credit cards and other household goods. However, people seeking Chapter 7 bankruptcy relief should be cautious about the amount of debt they reaffirm.

Rebuild Your Credit

Within the last 20 years, it has become much easier to rebuild your credit after Chapter 7 bankruptcy. While a bankruptcy remains on your credit report for 10 years, people often receive credit card offers within months of filing for Chapter 7 bankruptcy relief. Additionally, since people can only file for bankruptcy once every eight years, it is not unusual for our clients to receive car loans with interest only a few points higher than someone with perfect credit. Most people can even finance a home within two years of filing bankruptcy as long as they can make the monthly payments.

Bankruptcy Attorneys Serving Washington, D.C., Maryland And Virginia

To learn more about your debt relief options, please call (301) 655-0606 for a free telephone consultation or contact our Washington, D.C., Chapter 7 bankruptcy lawyers by filling out our online form.

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