The Stone Law Firm, P.C. has a 20 years of success filing Chapter 7 bankruptcy for individuals and businesses. The following is intended as general information regarding chapter 7 bankruptcy. It is not intended as legal advice regarding your specific case. If you have questions, please contact us today to schedule an appointment.

Chapter 7 Bankruptcy for Individuals—
If you are an individual debtor and not a business, you must qualify to file for chapter 7 bankruptcy based on your income and expenses.

A trustee is appointed in the case and sells any non-exempt property that you own or have an interest in at the time of filing the case.

You may keep exempt property under federal or state law, depending on which exemption scheme applies in your case.

Upon completion of the case, you may receive a discharge of the dischargeable debts that you listed in your bankruptcy petition at the time of filing.

Chapter 7 Bankruptcy for Businesses—
A business may also file for chapter 7 bankruptcy. Consult with us about the specific issues that may arise in business cases.

Please contact us today for a free initial consultation on your specific situation.

* 11 U.S.C. § 109(e) (debt limits are subject to change).