PA (215) 515-7113

Call  your attorney directly

Litvak Legal Group

NJ (732) 624-6283

 Chapter 7 Bankruptcy Facts:

• Available to Individuals, Married Couples, Corporations and Partnerships

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• 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 (215) 515-7113 or (732) 624-6283

for you FREE and NO OBLIGATIONS

Initial Consultation.

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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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PA (215) 515-7113

NJ (732) 624-6283

Litvak Legal Group, PLLC.