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Bankruptcy attorney Scott Ciolek helps clients file for Chapter 7 and Chapter 13 bankruptcy in Michigan and Ohio. This article explains what Chapter 7 is, who most benefits from it, and how you can make an appointment with us to discuss your options.

What is Chapter 7 Bankruptcy?

When you file for Chapter 7 Bankruptcy it eliminates most of your unsecured debt. “Unsecured debt” includes things such as credit cards, payday loans, and medical bills. This is a good option for people who: have a lot of credit card and/or medical debt, are receiving collection calls and notices, who do not own much property, and do not make enough money to pay off their bills. Bankruptcy is complicated. If you’re having financial problems, we offer a free consultation to discuss your options.

Chapter 7 Bankruptcy Can:

  • Stop creditor harassment and collection activities.
  • Wipe out credit card debt and other unsecured debts.
  • Eliminate payday loans.

Chapter 7 Bankruptcy Can’t:

  • Eliminate child support and alimony obligations.
  • Wipe out student loans (except in certain situations).
  • Eliminate other non-dischargeable debts.

Who is Eligible to File For Chapter 7 Bankruptcy?

Bankruptcy attorney Scott Ciolek will meet with you and discuss your individual situation to determine whether Chapter 7 bankruptcy is the right choice for you. A formula will be used to determine whether your income is low enough for you to file Chapter 7 bankruptcy. If you pass the means the test, you qualify to pass Chapter 7 Bankruptcy. If you don’t pass the means test, a person is limited to filing Chapter 13 bankruptcy.