Chapter 7 Bankruptcy

Filing 7 Bankruptcy and Starting Over

Chapter 7 is sometimes called the liquidation bankruptcy because it involves selling some assets to pay creditors. That is both the upside and the downside of a Chapter 7.

While Chapter 7 does involve selling assets, the property exemption in Mississippi makes it relatively rare that a party filing Chapter 7 bankruptcy will ever have to materially liquidate his or her assets. For assets that are sold, the money obtained is used to pay a portion of the debt that is owed to creditors. If you are a business owner, a Chapter 7 involves selling your business to partially pay back your creditors. Contact Walsh Law Firm PLLC for more information.

We want you to get a fresh start.
Call 662-205-6546 for a free initial consultation concerning a bankruptcy matter.

Who Seeks Our Services?

  • Business Clients

In our troubled economy, the housing market and related industries are struggling. Contractors, construction companies, trucking companies, real estate concerns and mortgage companies are among the many businesses that have filed for Chapter 7 (business liquidation) bankruptcy at Walsh Law Firm PLLC. You can put this behind you and start over fresh after declaring bankruptcy.

  • Individuals in Debt

People may end up in debt due to a job loss, an illness or even a tough divorce. Sometimes just buying on credit results in substantial debt owed. There is no shame in filing a Chapter 7 bankruptcy. Tracy Walsh is not concerned with judging you. Rather, she is committed to using her legal knowledge, complemented by her singular financial and marketing background, to stop any foreclosure action and help you get back on your feet again.

We will work closely together to explore all options that you have available to you. With 18 years of experience as a bankruptcy lawyer and a caring, straightforward attitude, Tracy Walsh can help you put this difficulty behind you.

We may discharge the majority of unsecured debt. You may keep your house by reaffirming the debt on it. If we discern that you are not eligible for a Chapter 7 bankruptcy, then we will file a Chapter 13.

When Can We Start? Immediately.

Tracy Walsh has been helping people file Chapter 7 and Chapter 13 bankruptcy for more than 18 years. She is active in the court system and has an intimate knowledge of the evolving bankruptcy laws.

Call an experienced Olive Branch, Mississippi, lawyer now: 662-205-6546. You may also feel free to contact us through e-mail. We respond promptly to both phone calls and e-mails.