Bankruptcy Law - Chapter 7

Overwhelming debt does not discriminate. A job loss, medical debt, or a skyrocketed mortgage interest rate can cause it to accumulate until it seems you have no options. If you are facing unmanageable debt, filing for bankruptcy can be a very positive option for you.

At the Law Offices of David M. Kaleel, we know bankruptcy law and how to evaluate whether filing bankruptcy or seeking another debt relief option will best protect your financial and legal interests. We will take the time to listen to your situation and help you decide your next step.


How does Chapter 7 bankruptcy work?

The Chapter 7 bankruptcy law is intended to allow debtors to completely wipe out most types of debt. Eligibility for Chapter 7 under the new (2005) bankruptcy law is established by a means test intended to determine whether you can afford to pay your debts. Though it may take a little more effort than in years past, we find that most people still qualify.

If you are eligible for Chapter 7, attorney David M. Kaleel will complete all the necessary paperwork and file your petition. Once a bankruptcy position is filed, the bankruptcy law puts a court order into effect automatically, stopping all collection activities. It stops creditor harassment, repossessions, garnishment and enforcement of liens. It even stops foreclosure for at least the period of the bankruptcy.


If you need to stop harassing calls from creditors and give your financial future a fresh start, contact us for a free consultation.

Call David M. Kaleel, Attorney today at 815-539-5616.