Eliminate Crushing Debt
Chapter 7 bankruptcy relief
If you are being crushed by money troubles and tormented by creditors, Alhejaj and Associates is here to help you get a second chance and a fresh start. Our law firm represents clients in Chapter 7 bankruptcy proceedings that result in the elimination of credit card balances, overdue medical bills, personal loans, and other debts. Many factors can trigger financial hardship, including medical problems, unemployment, death, or divorce. Regardless of the cause, we are committed to putting Nebraska and Iowa residents on the path to a more stable financial future.
Guiding individuals and businesses through the debt relief process
For many years, we have helped thousands of clients start the process of rebuilding their credit through Chapter 7 and Chapter 13 bankruptcy filings. Debt relief laws make the process of filing for bankruptcy difficult to understand, so it’s vital to retain a bankruptcy lawyer who can explain your options clearly and assist you at every stage of the process. If a Chapter 7 filing seems like the right choice, our firm provides professional counsel on:
- Eligibility and the means test — Having one’s debts eliminated is a powerful solution that is not available to everybody. When we first meet to discuss your situation, we will assess if you are eligible for Chapter 7 relief by reviewing your bankruptcy history and seeing if your financial situation is serious enough to qualify under the means test. When your income is too high for a Chapter 7 debt discharge, our attorney can work out a repayment plan under Chapter 13.
- Filing and the automatic stay — By law, creditor harassment and contact (calls and letters) from collectors must end once you have filed bankruptcy. This is known as the automatic stay, it also prohibits actions associated with unpaid bills, such as the cutoff of utility services, garnishments, and other credit collection efforts.
- Meeting of creditors — During the bankruptcy process, your trustee conducts a meeting where various creditors can attend, but often do NOT. Creditors can then file claims they have against you to help determine how available assets should be distributed. Our goal is to ensure you keep your assets, so this meeting is typically the Trustee review to ensure you were honest throughout the process.
- Debts excluded from bankruptcy discharge— It is important to understand that not every debt is discharged (released) at the conclusion of a Chapter 7 action. Back taxes, student loan debt, alimony, and past due child support typically are not discharged.
- Liquidation of assets — When a Chapter 7 debtor has property that can be sold to help repay creditors, these items might be liquidated. Fortunately, there are some assets that creditors cannot reach. You are able to exempt these from liquidation by claiming proper exemptions. We will help you with ensuring we exempt (protect) your property. Your homestead, personal vehicles, clothes, household goods, retirement accounts and life insurance benefits are eligible for protection within limits.
- Discharge of debts — Once the court has approved your bankruptcy, which only takes about 90 days, debts will be discharged, and your case will be closed. From there, you can make a fresh start and re-establish your credit.
Along with individuals, businesses that intend to close down can also use Chapter 7 bankruptcy to resolve existing debt issues.
Contact a skillful Chapter 7 bankruptcy lawyer to set up a free consultation
Alhejaj and Associates advocates on behalf of Nebraska and Iowa residents and businesses during Chapter 7 bankruptcy actions. Please call 402-345-1717 or contact me online to make an appointment for a free initial consultation.