ZalkinRevell

Chapter 7​

Albany, GA  229.435.1611

Santa Rosa Beach, FL  850.267.2111

Reorganize​

A Chapter 7 bankruptcy is designed to allow an individual to discharge (eliminate) unsecured debts while keeping certain assets which are exempt from creditors.


These exemptions include some or all of the equity in a home, a vehicle, personal property, tools of your trade, qualified retirement accounts and more. 


Only non-exempt property, if any, can be utilized to satisfy the claims of unsecured creditors.  If there is no non-exempt property, the case is called a "no-asset case," the unsecured creditors receive nothing, and the debts are discharged (forgiven).


The Chapter 7 process can usually be achieved in 4-6 months thereby allowing a fresh start without the burden of harassing phone calls from debt collectors, lawsuits, garnishments, levies or other creditor actions to collect a debt.


Many individuals or married couples choose to file a Chapter 7 Petition in order to restore financial sanity to their lives.

Bankruptcy and financial reorganization attorneys
Do not let financial despair defeat you WHEN YOU CAN BE FREE

Chapter 7 is also available, with certain distinctions, to corporations, LLCs, farm entities, Trusts and others.

An experienced bankruptcy attorney with Zalkin Revell will be pleased to sit down with you, assess your personal situation, and advise you.  We guide you through every step of the bankruptcy process with care and understanding.