Brian M. Blum, Rosenstein Law Group, PLLC
480-248-7666
8010 E. McDowell Rd, Suite 111, Scottsdale, AZ 85257 US
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Scottsdale Bankruptcy Lawyers.

Brian M. Blum

Chapter 7 & Chapter 13

In a bankruptcy case under chapter 7, you file a petition asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property, except for ?exempt? property which the law allows you to keep. In most cases, all of your property will be exempt. But property which is not exempt is sold, with the money distributed to creditors.

If you want to keep property like a home or a car and are behind on the mortgage or car loan payments, a chapter 7 case probably will not be the right choice for you. That is because chapter 7 bankruptcy does not eliminate the right of mortgage holders or car loan creditors to take your property to cover your debt.

Call us at 480-248-7666 so we can advise you if bankruptcy can get you a fresh financial start.

We are a federally designated debt relief agency pursuant to Title 11 of the US Code. We provide legal assistance and help people file for bankruptcy relief under the Bankruptcy Code.

This may be considered an advertisement or Advertising Material under the Rules of Professional Conduct. This advertisement does not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.