Chapter 7 Consumer Bankruptcy

Holloway Law Offices - Lawdoc.com

Has your debt accumulated to an unmanageable level? Have you been a victim of constant creditor harassment or litigation threats to recover debt? I can help you take control. I have been practicing law since 1990. I have extensive knowledge of the bankruptcy laws and how to effectively help clients achieve a fresh financial start. Contact me for a free initial consultation with an experienced attorney.

Filing for Chapter 7 Personal Bankruptcy

If unsecured debt (debt not secured by a mortgage or lien) exceeds forty to fifty percent of your annual income, filing bankruptcy is usually the only option. Under Chapter 7 of the Bankruptcy Code, individuals are able to eliminate significant debt. Although Chapter 7 bankruptcy is also known as liquidation bankruptcy in which property can be sold to pay creditors, most people who file bankruptcy are able to keep all of their property.  However, debtors cannot discharge the following debts under Chapter 7:

• Past due child support payments
• Most school loans
• Some other ineligible debt
• Some taxes

Who Qualifies for Chapter 7 Bankruptcy?

If an individual's income is below the median income based on the family size and location, the individual will likely be automatically eligible. Individuals whose income is greater than the median income must submit to the "means test" to determine eligibility. Essentially, the individual must deduct reasonable living expenses from their monthly income (according to the previous six months income) and compare to determine whether the client has too much disposable income.  As an experienced Chapter 7 bankruptcy attorney, I can explain the "means test" and help you evaluate your personal situation.

Stop Creditor Harassment, I Can Help

Many individuals have a misconception of the impact of the new bankruptcy laws. As an experienced bankruptcy law attorney, I have a thorough understanding of the new law. The changes are significant but that should not deter you from talking to me to see if I can help.

For experienced assistance or guidance regarding filing for bankruptcy, contact my bankruptcy law office today. I am an experienced Chapter 7 bankruptcy lawyer and I offer a free initial consultation.

Please visit my Bankruptcy FAQ which answers many common bankruptcy questions.

Holloway Law Offices
287 N. Willo Esque Street
Wichita, KS 67212
Phone and Fax: (316) 946-9631

I am a federally designated debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.

Located in Wichita, Kansas, the Holloway Law Offices provide bankruptcy services to clients in all of Kansas west of I-135 and in all parts of Eastern Kansas south of I-70.