Chapter 7 Bankruptcy

By: Steiden Law Offices  01/22/2016
Keywords: Attorney, Bankruptcy, Legal Information

As a nation that puts a premium on risk taking and free enterprise, it is not surprising that we also have laws protecting those who find themselves with more debt than they can handle. Although not a "get out of jail free" situation by any means, filing for bankruptcy can allow you to settle your outstanding debts while having the opportunity to move on with your life and learn from your mistakes. Chapter 7, known as the "liquidation" chapter of the Bankruptcy Code, is the most common form of bankruptcy protection in Ohio and Kentucky, along with the rest of the United States. Many individuals and businesses have filed for Chapter 7 bankruptcy since its inception. This type of legal financial protection was started as a way to look after the interests of consumers, business owners, and creditors while making a safer environment for lending. A bankruptcy attorney can work with those looking for debt solutions and will be able to advise individuals and businesses on whether or not Chapter 7 bankruptcy is the right choice for their particular situation. The bankruptcy attorney's goal is to help the debtor make a fresh start while ensuring that creditors are paid.

Keywords: Attorney, attorney listings, Bankruptcy, Bankruptcy Attorneys, bankruptcy law, Debt Relief, Legal Information, Local Attorney, Local Lawyer

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