Chapter 7 Gives You A Way Out From Under Debt

Millions of Americans live with debt every day, paying off a bit every month. But when they face an unexpected setback, such as a job loss, an illness or a serious injury, a debt can become impossible to pay off.

Your creditors may call, threatening you with auto repossession, home foreclosure or worse. It is a frightening experience.

Fortunately, there are ways to escape overwhelming debt. With the help of an experienced attorney, you can get your debt under control and get a fresh start on your financial life.

Experienced Help For Debt Relief

The Law Offices of William M. Gillen, PC, in Manchester, New Hampshire, provides professional help for people who are trying to get out from under crushing debt.

William M. Gillen has concentrated his practice on debt relief throughout the more than 15 years he has worked as a lawyer. He has helped hundreds of clients out of tough situations using tools such as Chapter 13 and Chapter 7 bankruptcy. You can read more about Chapter 13 here. Our About Bankruptcy page has some more detailed information contrasting the two chapters.

What Is Chapter 7?

Chapter 7 is the fastest, most far-reaching way for individuals to get out of debt afforded by bankruptcy law. After you file for Chapter 7 bankruptcy protection, a court immediately orders your creditors to stop calling you and harassing you while you work out a plan.

If you qualify for Chapter 7 and meet all its obligations, you should be free of most forms of debt within three to five months.

Chapter 7 is sometimes known as "liquidation bankruptcy," because it requires you to sell some of your assets in order to pay your creditors. However, this requirement is not as scary as it might at first sound.

State and federal laws provide many exemptions to the liquidation requirements, and you will be able to keep your most important assets.

Learn More

To learn more about your legal options for getting out of debt. Call the Law Offices of William M. Gillen, PC, at 603-625-5333. You can also contact the firm by email.

The Law Offices of William M. Gillen, PC, is a debt relief agent. It helps people file for bankruptcy protection under the U.S. Bankruptcy Code.