Filing Chapter 7 Bankruptcy And Starting Over
Chapter 7 is sometimes called the liquidation bankruptcy because it often 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 exemptions in Mississippi make 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. Contact Walsh Law Firm, P.L.L.C., 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, P.L.L.C., 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 Buster Walsh is not concerned with judging you. Rather, she is committed to using her legal knowledge, complemented by her financial and business background, to stop any foreclosure action or other debt collection 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 more than 23 years of experience as a bankruptcy lawyer and a caring, straightforward attitude, Tracy Buster 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 Buster Walsh has been helping people file Chapter 7 and Chapter 13 bankruptcy for more than 23 years. She is active in the court system and has an intimate knowledge of the evolving bankruptcy laws.