Relief Through Debt Discharge

Financial trouble can strike an individual or an entire family for a number of different reasons. From a medical emergency to divorce to emergency home repairs, financial peril tends to lurk around unexpected corners. If you are facing trouble, it is crucial that you act quickly to protect your present and your future interests.

At McNeil Law Firm, LLC, we have extensive experience guiding clients through the most challenging times in their lives. We will carefully examine your financial situation and provide the legal guidance you need. Based on their situation, many clients opt to file Chapter 7 bankruptcy. This is often referred to as "debt elimination" or "debt discharge" bankruptcy because the goal is to completely eliminate unsecured debt. Every case is different, however, and we would be happy to explain the benefits of a Chapter 7 filing as they relate to your specific financial troubles.

What Is Chapter 7 Bankruptcy?

People seek to eliminate debt with Chapter 7 bankruptcy. Unsecured debt — debt that is not directly tied to physical collateral such as your house or car — can be successfully eliminated through bankruptcy. The most common forms of unsecured debt are medical bills, credit card debt and certain kinds of personal loans. Depending on very specific circumstances, you might be able to eliminate other forms of debt such as tax debt. It is always wise to seek the legal advice of a lawyer who can answer your questions.

The Benefits Of Filing Chapter 7

After struggling with financial trouble for so long, many individuals are finally able to breathe a sigh of relief after filing for bankruptcy. People often report that a great weight has been lifted off their shoulders and they can finally get a good night's sleep.

The most readily apparent benefit is the automatic stay. This phrase refers to the fact that creditors must stay — or stop — their collection procedures immediately. Once you file for bankruptcy, all letters, phone calls or lawsuits must stop. Essentially, you can just tell everyone to contact your lawyer after you file your case. You are no longer afraid to answer the phone or check your email.

Schedule A Consultation To Discuss Your Matter

Whether you are considering Chapter 7 or Chapter 13 bankruptcy, it is wise to discuss your options with a skilled attorney. With an office in Akron, we are able to represent clients throughout Northeast Ohio in bankruptcy proceedings. Call or email our firm to schedule a consultation.

*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.