Litvak Legal Group, PLLC.

NJ (908) 300-3406

PA (267) 443-7755

Call  your attorney directly


Litvak Legal Group

NJ (908) 300-3406

 Chapter 7 Bankruptcy Facts:


  • Available to Individuals, Married Couples, Corporations and Partnerships


  • Known as Liquidation Proceeding


  • Exemptions Available to protect some assets like cars, tools, books, jewelry, firearms and other personal items.


  • Usually recommended for "no assets" clients, where people may have no assets outside of the available exemptions to liquidate.


  • Clients must qualify for Chapter 7 Bankruptcy, which is know as Means Test. Clients must be below a certain income threshold ($50,501 for Single, $60,058 for Joint filers).

 

  • Must Complete Pre- and Post- Filing approved debtor education programs.


  • Automatic Stay will stop Collections, Creditors' Calls and even most Law Suits. 


  • Individuals and Married Couples can discharge most of their debt.



  Additional Debt Relief strategies are available to further help clients with non-dischargeable debt.


Please contact us

at (267)443-7755 or (908) 300-3406

for you FREE and NO OBLIGATIONS

Initial Consultation.

Chapter 7 WILL NOT discharge:

  • Most Tax Obligations 
  • Child and Spousal Support
  • Student Loans
  • Criminal Fines
  • Reaffirmed Debt


Discharge is not available to Partnerships and Corporations


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