Are You a Good Candidate for Chapter 7 Bankruptcy in St. Paul, MN?

October, 2013 by Alma Abell

If you are an individual or a business owner and are drowning in debt, you are not alone. With the economy still dragging its feet, many people are finding it increasingly difficult to make ends meet each month. If you are finding it harder and harder to pay all of your bills and deal with the debts you owe, you need to know there is hope. Through Chapter 7 bankruptcy in St. Paul, MN, you can have your debts discharged, dramatically and quickly improving your financial situation and allowing you the opportunity to make a fresh start.
Chapter 7 bankruptcy is a form of bankruptcy that requires the liquidation of your assets to pay your debt. Unlike Chapter 13, the process for filing for this type of bankruptcy is a much faster one and is often preferred by those who need a quick solution to their debt problems. The process of filing for bankruptcy is normally a frightening one for most people. By hiring a lawyer, you can rest assured that your papers will be filed correctly and that you will be able to work with your trustee, to get your bankruptcy debt discharged as quickly as possible.
It is important for you to understand that you cannot use Chapter 7 bankruptcy to discharge debts such as:

  • Child support
  • Student loans
  • Taxes
  • And some other debts

Your attorney will be able to work with you so you fully understand all of the rules and regulations of filing for this type of bankruptcy. Meeting with your attorney will allow you to make the decision on whether or not Chapter 7 bankruptcy in St. Paul, MN can help your financial situation. If your attorney feels you are not a good candidate for Chapter 7, he or she can recommend an appropriate type for you to file under.
If you are facing a mountain of debt and finding that there seems to be no hope in getting out from under what you owe, contact the Lamey Law Firm P.A. They will consult with you and give you valuable information on how they can assist you in getting rid of your debt and getting on with your life.

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