Law Offices Of Adam C. Gomerman

If you are struggling with debt, contact the Law Offices of Adam C. Gomerman for immediate support. What is Chapter 7 Bankruptcy? Chapter 7 bankruptcy allows individuals or businesses to discharge most of their unsecured debts, such as credit card debt and medical bills, enabling them to gain a fresh financial start. In this process, a bankruptcy trustee is appointed to oversee the liquidation of non-exempt assets to repay creditors; however, many debtors retain essential assets due to exemptions. The process typically lasts several months, and the debtor is relieved of their obligations to pay the discharged debts afterward. However, certain debts like student loans, child support, and some taxes may not be dischargeable. It's important for individuals considering Chapter 7 to assess their eligibility and potential consequences, as it will significantly impact their credit score and financial future. Long Islanders Considering Chapter 7 Chapter 7 bankruptcy provides Long Islan...