Springfield Chapter 7 Lawyer
Helping Clients in Southwest and Central Missouri
Chapter 7 Bankruptcy is often referred to as a liquidation bankruptcy. However, this term is misleading as 99% or more of debtors generally do not have any property they will lose in the bankruptcy proceeding. Laws called exemptions are used to protect your property.
The knowledgeable and experienced bankruptcy attorneys at the Licata Bankruptcy Firm PC can advise you if there would be a risk of losing any assets in a Chapter 7 bankruptcy filing.
Schedule a complimentary consultation by calling (417) 213-5006 or filling out an online form. Our Chapter 7 bankruptcy attorneys in Springfield are ready to help you. Licata Bankruptcy Firm has locations in Springfield, Branson, and Lebanon.
Benefits to Filing for Chapter 7
Both Chapter 13 and Chapter 7 bankruptcy have their advantages and disadvantages. Before making a decision, reach out to a Springfield Chapter 7 lawyer near you to see which option will work best for your debt.
Chapter 7 benefits include:
- Chance at a "fresh start" -- most of your debt may be discharged, though keep in mind that not all debts are dischargeable (student loans, child support, alimony, certain taxes, etc.)
- You will be able to keep future income even after you file.
- There is no repayment plan -- your debt will be discharged and you will not be responsible for it.
- Debt discharge is immediate
About Our Initial Consultations
Our initial consultations are always free. We offer a free 1 hour consult to review your case in detail and educate you on the bankruptcy process. During this consultation an analysis of your specific situation will be used to determine if a Chapter 7 bankruptcy in Springfield, Missouri is the right solution to your financial problem.
What To Bring To Your Consultation
There is no documentation that is needed. Just a general understanding of your financial situation will allow the attorney to explain your options. In the consultation your income, assets, and liabilities will be discussed.
Documents Needed to File Chapter 7
Documentation needed to file your bankruptcy case will be provided in detail at your initial consultation.
All Chapter 7 bankruptcy cases will require:
- last year’s tax return
- pay devices
- pay stubs for all pay periods within the last 60 days
- evidence of all income earned in the prior 6 months
- a certificate of credit counseling
- a list of all creditors including all secured, and unsecured debts
A blank form can be found on our client resource page to write all the creditor information down and to help keep you organized. Any more specific information that is needed for your case will be discussed at your free consultation.
Contact Our Springfield Chapter 7 Bankruptcy Lawyers Today
Licata Bankruptcy Firm PC believes in personalized service to accurately prepare your bankruptcy case. You will personally meet with us in our office where we will fill out all your paperwork, so that when you leave our office your case is ready to file.
This will ensure you have a full understanding of the paperwork being prepared and the accuracy and efficiency of the filing process is intact. Debtors bring their required paperwork to the filing appointment and we do all the work. Our firm is dedicated to ensuring the bankruptcy process is as seamless and pleasant as possible.
To see if Chapter 7 is right for you, contact (417) 213-5006 today. Our Skilled Chapter 7 attorneys in Springfield can answer all of your questions.