Stop Foreclosure and Repossession with Chapter 7 Bankruptcy

Chapter 7 Bankruptcy Designed to Stop Foreclosure and Repossession

Recent times have seen some of the most difficult financial conditions in history. Unemployment is at an all-time high and individuals as well as nations are mounting uncontrollable amounts of debt. The Law Office of Kathryn L. Johnson, in Tucson, Arizona offers individuals an opportunity to better manage their finances through the use of bankruptcy laws. Those concerned with wage garnishment, asset repossession, foreclosures, aggressive bill collectors, and a host of other modern-day dangers will be pleased to know that an experienced attorney like Kathy Johnson can help when all hope seems lost.

Who Qualifies for Chapter 7 Bankruptcy?

This is a standard question that is often asked and has a rather simple answer. Typically, an individual’s income must be below a particular state’s median income for a certain household size. This is known as a “means test.” In some cases an individual may not qualify for the benefits of chapter 7 bankruptcy and may be required to opt for the benefits of chapter 13 bankruptcy. Once an individual has satisfied the “means test” they are then required to take two separate credit counseling classes. One class is typically completed prior to filing while the other class is completed after filing.

Understanding the Process of Chapter 7 Bankruptcy

When choosing to file Chapter 7 bankruptcy, clients can expect Kathy Johnson to faithfully file all required petitions with the bankruptcy court and attend creditors meetings by your side with the intention of protecting her clients financial interests. Kathy Johnson is an attorney who takes her job seriously and will stand by her clients through the whole bankruptcy process until the final discharge of debt stage. This process can typically take around four full months. There is a wide range of debts that are included in a discharge during bankruptcy including the following:

1. Broken leases

2. Medical and dental expenses

3. Credit card debt

4. Personal loans

5. Unsecured debt

These debts in addition to others are generally able to be discharged during bankruptcy and relieve the debtor of these financial burdens. The Law Office of Kathryn L. Johnson, in Tucson, Arizona is a debt relief agency that takes pride in helping people file for bankruptcy relief as outlined by the bankruptcy code in the United States.